In Gieseke v. IDCA, Gieseke formed a company to compete with his old employer and worked with one of the former owners of his old employer in the new company. His former employer moved some of the equipment of the new company and changed its mailing address without permission of Gieseke or his partner. When Gieseke sued his former employer the courts held that the former employer:
a. was not liable in tort as its actions did not go beyond "normal business activities"
b. was not liable as Gieseke was not properly licensed
c. was liable for negligent misrepresentation of Gieseke's business to other parties
d. was liable for interference with prospective contractual relations
e. none of the other choices
e
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Akao Products uses a standard cost system
Overhead costs are allocated based on direct labor hours. In the first quarter, Akao had an unfavorable efficiency variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance? A) The actual number of direct labor hours was lower than the budgeted hours. B) The actual variable overhead costs were higher than the budgeted costs. C) The actual variable overhead costs were lower than the budgeted costs. D) The actual number of direct labor hours was higher than the budgeted hours.
The major purpose of test marketing is to provide management with the information needed to make a final decision about ________
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