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Exam (elaborations) TEST BANK BUSINESS LAW BY SORIANO BUSINESS LAW BY SORIANO Submitted to: Prof. Ardee Dela Cruz Submitted by: Dancel, Regine May Marty, Ira Rhomela Flores, Donna OBLIGATIONS – DIAGNOSTIC EXERCISES TEST 1 – MULTIPLE CHOICE. Select the best answer by writing the letter of your choice. 1. The following are the requisite of an obligation, except: a. Passive subject, debtor or obligor b. Active subject, creditor or oblige c. Efficient cause d. Demand 2. Obligat...

Exam (elaborations) SOLUTIONS MANUAL for Cost Accounting 14th by William K. Carter Cost Accounting, ISBN: 8098 CHAPTER 1 DISCUSSION QUESTIONS 1-1 Q1-1. Planning is the development of a consistent set of actions, resources, and measurements by which the achievement of objectives can be assessed. Planning takes into account the interactions between the organization and its environment in whatever is to be done. Control is the process by which managers assure that resources are obtaine...