Maria receives a fixed salary plus a commission based on sales volume after she sells $20,000 worth of merchandise for her company. Which of the following best describes her compensation?

Which of the following factors must be present for the successorship doctrine to apply to the purchaser of a business employing union members?

a. The successor should substantially continue the business operations of the predecessor. b. The nature of jobs performed and the means of operation should change significantly after the change of employer. c. The successor should lay off all the existing employees and hire new employees. d. The successor should start manufacturing a new product line.

Profit maximization as the goal of the firm is not ideal because ________

A) profits are only accounting measures B) cash flows are more representative of financial strength C) profit maximization does not consider risk D) profits today are less desirable than profits earned in future years