Individual systems within an organization are considered ________ of the overall business
A) goals
B) inputs
C) subsystems
D) outputs
E) functions
Answer: C
Explanation: A company is made up of numerous individual systems in the various functional areas, not only in manufacturing or operations but also in engineering, marketing, accounting, and other areas that together constitute the overall system that is the company itself. Each of these individual systems can also be thought of as a subsystem of the overall business.
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Provide the following information for controlling interest equity investments:
1. Which accounting method is used? 2. What is the balance sheet effect when using this accounting method? 3. What is the income statement effect when using this accounting method?
According to the text, companies consider at least three types of measures when assessing strategic performance, including all of the following except
A. measures of the company's progress toward achieving its mission, vision, and objectives. B. measures of the effectiveness of the company's employees, within and across the firm's international network of operations, in performing their assigned jobs. C. measures of the company's success in obtaining and applying the required resources, such as financial, technological, and human resources. D. measures of the company's success in accurately predicting the future as part of its scenario planning efforts.
The EPA has mandated that, in order to reduce local pollution, your printing plant switch from oil-based to water-based inks. This will require entirely new printing presses and a new printing plate technology
After carefully searching through numerous manufacturers' equipment descriptions and gathering opinions from all relevant parties related to the work, the printing plant's buying center will be ready to make this ________ purchase. A) modified rebuy B) new task C) straight rebuy D) straight task E) situational analysis
JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
5,600 units Sales revenue: $100,800 ($18 per unit) Direct materials cost: $ 22,848 (9,520 lbs purchased and used at $2.40 per lb) Direct labor cost: $ 38,192 (173,600 minutes at $.22 per minute) Refer to the JAX Inc information above. What was JAX Inc's direct labor efficiency variance for 2012? A) $1,120 F B) $1,120 U C) $1,232 F D) $1,232 U