For those wishing to purchase a franchise, the Federal Trade Commission acts as a guardian ensuring that the business idea is sound and that the information in the Franchise Disclosure Document is accurate
Indicate whether the statement is true or false
False
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Accounting for product costs in a JIT environment
a. uses a job order costing system. b. classifies processing costs as raw (or direct) material, direct labor, and overhead. c. is more complex than in other types of manufacturing environments. d. follows process costing procedures whereby costs are accumulated by the process (cell) and attached to units processed for the period.
John Child’s (2002) concept of strategic choice argues that ___________________.
a. Size, technology and environment are the core structural contingencies in organizations b. Managers in positions of control configure the organization’s structure through their choice of markets, technologies etc c. Size, technology and environment is the key determinant of managerial strategic choice d. Both b and b
Answer the following statement(s) true (T) or false (F)
1. Performance philosophies of compensation don’t tend to work well in competitive industries. 2. Competency-based or skill-based pay will hinge partly on what skills employees bring to work and whether or not those skills are needed. 3. Competencies and skills are the same thing. 4. Efficiency wage theory says that if a company pays higher wages, it can generally hire better people who will in turn be more productive. 5. Pay secrecy clauses are becoming more dangerous to companies who choose to enforce them.
How toxic substances are handled once they are in the market, or when they are being disposed of, is the concern of the:
a. Federal Insecticide, Fungicide, and Rodenticide Act b. National Insecticide, Fungicide, and Rodenticide Act c. Federal Commercial Toxic Substances Act d. Resource Conservation and Recovery Act e. Toxic Substances Control Act