McCourt Inc manufacturers a unique product. The company's controller has prepared the following static budget for the month of February: Estimated production 300 units Direct labor per unit 1 hour Direct labor required for estimated production 300 hours Average direct labor rate per hour $ 10 Estimated direct labor cost $3,000 Actual production during February was 275 units and actual direct
labor cost was $2,900. If McCourt prepares a flexible budget for February, the projected direct labor cost would be:
A) $2,750
B) $2,900
C) $3,000
D) $3,165
A
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The _____ of a modern business shows a network of information subsystems that exchange information with each other and with the world outside the system.
A. information hub B. information map C. subsystem D. database
Which of the following statements is true for duress?
A. The term duress is used in contract law to describe the situation in which one or both of the parties to an agreement acted under an untrue belief about the existence or nonexistence of a material fact. B. The courts have generally held that the threat of a well-founded civil suit is not duress. C. The basic idea behind duress is to protect the old, the timid, and the physically or mentally weak from those who gain their confidence and attempt to take advantage of them. D. The reason behind the idea of duress is that mistakes may prevent the "meeting of the minds" required by contract law.
Once a binding accord and satisfaction has been entered into, parties give up their right to have a court decide their liability.
Answer the following statement true (T) or false (F)
According to West (2008) a management decision making committee is known as what type of team?
a. Advice and Involvement Team b. Action and Negotiation Team c. Project and Development Team d. Production and Service Team