Companies that are structured by grouping people performing similar activities into departments are:
A) Project organizations.
B) Functional organizations.
C) Matrix organizations.
D) Departmental organizations.
B
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A ________ is a pattern of living that determines how people choose to spend their time, money, and energy and that reflects their values, tastes, and preferences
A) family life cycle B) lifestyle C) personality D) motivation E) self-concept
Cooley Company's stock has a beta of 1.28, the risk-free rate is 2.25%, and the market risk premium is 5.50%. What is the firm's required rate of return? Do not round your intermediate calculations.
A. 9.29% B. 9.94% C. 10.96% D. 8.55% E. 11.52%
Mintz sued Jacobs for breach of contract. The court awarded Mintz $1 as damages. This amount is known as
a. liquidated damages. b. nominal damages. c. premeditated damages. d. abnormal damages.
Petty Corporation has two production departments, Milling and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MillingFinishingMachine-hours 20,000 14,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$148,000$88,000Variable manufacturing overhead per machine-hour$1.90 Variable manufacturing overhead per direct labor-hour $3.60The predetermined overhead rate for the Finishing Department is closest to:
A. $5.84 per direct labor-hour B. $14.60 per direct labor-hour C. $11.00 per direct labor-hour D. $3.60 per direct labor-hour