In a balanced scorecard, measurements should be directly linked to

a. organizational strategy and values.
b. the cost management system.
c. current organizational profitability.
d. activity-based management concepts.


A

Business

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An agency coupled with an interest is revocable without the consent of the agent.

Answer the following statement true (T) or false (F)

Business

The ________ seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given price level

A) FTC's "Guides against Deceptive Pricing" B) Robinson-Patman Act C) Sherman Act D) Clayton Act E) Automobile Information Disclosure Act

Business

The following data is given for the Happy Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours

worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The direct labor rate variance is: A) 912U B) 912F C) 2,100U D) 2,100F

Business

Ignacio is asking for a refund or a replacement for a recently purchased malfunctioning DVD player; his request for the refund or replacement would be considered a

a. persuasive claim. b. complaint. c. routine claim. d. negative news message.

Business