Briefly describe active listening.
What will be an ideal response?
Answers will vary. Active listening requires that the listener fully concentrates, understands, responds and then remembers what is being said. It is useful when receiving important instructions, resolving conflict, and providing or receiving critical feedback. When listening actively:a. observe the speaker's behavior and body language. Having the ability to interpret a person's body language lets the listener develop a more accurate understanding of the speaker's message.b. paraphrase the speaker's words. In doing so, the listener is not necessarily agreeing with the speaker-simply stating what was said to ensure understanding.c. ask questions as needed to ensure accurate understanding. REJ: Please see the section "Listening as a Communication Skill" for more information.
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The Owens Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last year was $200,000 . and there were 40,00 . machine hours budgeted. Actual machine hours incurred during the period were 38,000 . and actual factory overhead was $215,000 . What was the amount of under- or overapplied factory overhead?
a. $10,00 . underapplied b. $15,00 . underapplied c. $25,00 . underapplied d. $10,00 . overapplied
Unearned revenues are generally:
A. Liabilities created when a customer pays in advance for products or services before the revenue is earned. B. Revenues that have been earned but not yet collected in cash. C. Revenues that have been earned and received in cash. D. Increases to common stock. E. Recorded as an asset in the accounting records.
The percentage of companies adopting lean practices in inventory management is estimated to be over ______.
A. 30% B. 40% C. 50% D. 60%
While operating leverage results only in a magnification of returns, financial leverage results only in a magnification of risk
Indicate whether the statement is true or false