How does labor specialization assist in reducing labor costs? (List three ways.)
What will be an ideal response?
1. development of dexterity and faster learning by the employee because of repetition; 2. less loss of time because the employee would not be changing jobs or tools; 3 . development of specialized tools and the reduction of investment because each employee has only a few tools needed for a particular task
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The disclosure of accounting policies
a. may describe policies that are peculiar to the reporting company's industry. b. should not appear in the notes to the financial statements. c. should not describe unusual or innovative applications of GAAP. d. is encouraged but not required.
Those elements identified as "leadership variables" include the job tasks, the formal authority system of the organization, and the work group.
Answer the following statement true (T) or false (F)
Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 44, 43, 88, 55, 8, and 45?
A. 8 B. 9 C. 10 D. 11
In the "white-water rapids" metaphor of change, change is seen as an occasional disruption in the normal flow of events.
Answer the following statement true (T) or false (F)