As a manager, how would you determine the standard price and quantity of materials, labor, and overhead for a particular product?
Standards can be determined in a couple of ways. For companies with a long history of producing the same product, historical data can be very useful in forecasting future prices and quantities. Another method of setting standards is called task analysis. Task analysis examines the production process in detail with an emphasis on determining what it should cost to produce a product. Typically, some combination of task and historical cost analysis will be used in determining standard costs.
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The Walt Disney Company's decision to build a theme park in France provides an excellent vehicle to understanding SRC (Self-Reference Criterion). All of the statements listed below portray this meaning except:
A) Disney executives believed there is virtually unlimited demand for American cultural exports. B) French are sensitive about American cultural imperialism. C) Consuming wine with the midday meal is a long-established custom which was not realized by Disney executives. D) Disney executives were blinded by their prior success and ethnocentrism. E) The SRC can be a powerful negative force in global business.
Answer the following statement(s) true (T) or false (F)
1. Organizations with strong and positive climate for inclusion provide opportunities for employees of diverse backgrounds to establish personalized ties 2. Although diversity and inclusion are often used interchangeably were as a single combine term they are different constructs 3. Inclusion, unlike diversity is based on an employees perception 4. Diversity can exist without inclusion and inclusion can exist without diversity 5. Most employee surveys used to assess diversity and inclusion have strong validity and reliability
If a seller delivers nonconforming goods to a buyer and the buyer rejects them, the risk of loss
remains on the seller until either the defect is cured or the buyer accepts the nonconforming goods. Indicate whether the statement is true or false
The Sarbanes-Oxley Act of 2002reversed the Glass-Steagall Act's prohibition of banks selling insurance or acting as investment banks.
Answer the following statement true (T) or false (F)