Answer the following statement(s) true (T) or false (F)
1. The three dysfunctions of culture discussed in the textbook are change, diversity, and mergers and acquisitions hindrances.
2. Networked cultures are characterized by a high degree of trust between employees and a willingness to communicate and share information.
3. Fragmented cultures exist in organizations where making money is the top priority.
4. Spiritual culture focuses on opportunities for employees to grow in the workplace by carrying out meaningful tasks that contribute to the good of society as a whole.
5. Organizations with successful socialization strategies are more likely to have a positive organizational culture and perform better as a result.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration: Budgeted production 4,000drillsStandard machine-hours per drill 8.4machine-hoursStandard indirect labor$9.40per machine-hourStandard power$2.90per machine-hour Actual production 4,300drillsActual machine-hours 36,530machine-hoursActual indirect labor$362,756 Actual power$97,693 Required:Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). Show your work.
What will be an ideal response?
Jose Consulting paid $880 cash for utilities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction.
A.
| Cash | 880? | |
| Accounts Payable | 880? |
B.
| Utilities Expense | 880? | |
| Cash | 880? |
C.
| Utilities Expense | 880? | |
| Accounts Payable | 880? |
D.
| Prepaid Utilities | 880? | |
| Accounts Payable | 880? |
E.
| Cash | 880? | |
| Utilities Expense | 880? |
People in the United States value time
Indicate whether the statement is true or false.
If the production schedule calls for assembly of 500 motorcycles, then the 1,000 wheels and 1,000 tires that are required to produce the 500 motorcycles are ______.
a. classified as dependent demand items b. classified as independent demand items c. classified as inelastic demand items d. classified as inelastic supply items