Which of the following will not evaluate to true?
a) false || false
b) true || true
c) false || true
d) true || false
Ans: (a)
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Millard works in a manufacturing company where he is rewarded for how quickly he can produce pistons. While some employees have ideas for how to make the process more creative, Millard recognizes that there is really no reward for speaking-up. In his experience, if the company is made more efficient, then he will be expected to produce more for the same reward as before. Millard’s company lacks ______ for creativity.
A. supervisory support B. work group support C. organizational support D. coordinated support
Clark International produces designer watches. Each watch requires materials worth $14.50 and three direct labor hours. The company pays its production supervisor a salary of $500 per week. Hourly wage rate at Clark is $5. If 25 watches are produced in a week, what is the fixed cost per watch?
A) $14.50 B) $5.00 C) $20.00 D) $34.50
In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the amount of phosphate from the Phosphate Max brand?
A. 23.20 B. 38.40 C. 17.65 D. 15.80
Trading securities are:
A. Recorded at cost and remain at cost over the life of the investment. B. Intended to be held to maturity. C. Reported at fair value on the balance sheet. D. Reported at historical cost, adjusted for the amortized amount of any difference between cost and maturity value. E. Always classified as Long-Term Investments.