Axler Inc., an American firm had entered into a business agreement with M.K. Group of Manufacturers. Recently they had a major dispute over the terms of the agreement. Both firms decided informally to resolve the dispute by appealing to an independent tribunal to mediate their differences. Which of the following dispute resolution methods is being used by the companies in the above scenario?

Sheldon Company manufactures only one product and uses a standard cost system. During the past month, manufacturing operations for the company had the following variances: direct labor rate variance = $55,500 favorable; direct labor efficiency variance = $74,000 unfavorable. Sheldon allows 4 standard direct labor hours per unit produced, and its standard direct labor hourly pay rate is $50. During the month, the company used 20% more direct labor hours than the standard allowed for the output achieved.

What was the direct labor flexible-budget (FB) variance for the month (rounded to the nearest dollar)?

In Maslow's hierarchy our most basic needs are quite_____, and as we progress through the levels, the level of _____ increases.

A) simple;clarity B) specific;abstraction C) defined;tangibility D) logical;coherence E) changeable;stability