Which of the following will result in an unfavorable direct labor cost variance?
A) actual direct labor hours exceed standard direct labor hours
B) actual direct labor hours are less than standard direct labor hours
C) the actual direct labor cost per hour exceeds the standard direct labor cost per hour
D) the actual direct labor cost per hour is less than the standard direct labor cost per hour
C) the actual direct labor cost per hour exceeds the standard direct labor cost per hour
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Face value of a note plus interest is called the
a. discount. b. proceeds. c. principal. d. maturity value.
Answer the following statements true (T) or false (F)
1. Fine Oil uses an organizational structure that includes both functional divisions (such as marketing and HR) and a divisional chain of command (such as the chemical and petroleum products divisions). For example, Glen, a salesperson for Fine Oil, reports to both the marketing manager and the petroleum products manager as he starts to develop the Shell Oil account. Fine Oil uses a matrix structure. 2. While figuring out how to save money for a bride who is having financial problems, Paula, the catering manager of Oh Happy Day, asked her assistant, "What do you think is the best menu to offer under these particular circumstances? How can we offer the bride and groom's guests a great meal within their budget?" Paula and her assistant are using the contingency approach. 3. Lena works as an order-taker at Fast Burger, a fast-food restaurant. She does not cook food, or even package the final order, but she does input the order and takes payment. Lena reports directly to the shift manager, and she seldom interacts with the general manager. Fast Burger is an example of a mechanistic organization. 4. The marketplace is becoming less homogeneous and moving toward more niche products.
Which form of direct marketing uses advertising to first expose a consumer to a good or service?
a. specialogs b. video kiosks c. Web-based retailing d. infomercials
A common focus of financial statement users in evaluating a company's performance and financial condition includes evaluating its (1) ________, (2) ________, and (3) ________.
What will be an ideal response?