The pattern of delegation in which only a small amount of authority is delegated from the top levels of an organization is known as:
a. centralization
b. decentralization
c. formal
d. informal
e. line
b. decentralization
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Timothy works for a company that pays employees in his position $12 per hour to work but also pays for medical and dental coverage, a 401K retirement plan, and a week of paid vacation. Fred has a job and is paid $14 per hour without medical or dental coverage, paid vacation, or a 401K. Fred brags that he makes more money than Timothy because he is paid more money per hour. Which of the following is true?
A. The benefits Timothy receives from his company, in addition to his wages, very likely total more per hour than Fred earns. B. Fred is correct. C. Fred is correct because it is unlikely Timothy will ever use his medical or dental benefits therefore the employer's contribution to these is lost to Timothy. D. Fred is not being paid based on his comparable worth but Timothy is.
Dunnings Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated router. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$10,998 Capacity of the router 180hoursActual results: Actual total fixed manufacturing overhead$10,998 Actual hours of router use 130hours The predetermined overhead rate based on hours at capacity is closest to:
A. $61.10 per hour B. $84.60 per hour C. $61.54 per hour D. $44.44 per hour
When the party who breaches a contract has behaved maliciously and committed a tort, the court may want to discourage such behavior in the future by imposing what damages besides regular damages?
a. compensatory b. expectancy c. liquidated d. nominal e. none of the other choices
It is normal in an ERP project that there are always agreements about how to use the system and other issues
Indicate whether the statement is true or false