Which of the following applications are incorporated into statistical sampling?
a. Binomial and confidence intervals.
b. Random and haphazard selection.
c. Hypergeometric distribution with audit risk.
d. Probability and statistical inference with audit judgment.
d
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The Lennon Company uses a standard costing system and a flexible budget. At a normal level of activity of 15,000 units and 45,000 standard direct labor hours, the standard direct labor cost would be $270,000 . During June, 44,050 hours were worked to produce 14,000 units at an actual direct labor cost of $352,000 . The direct labor efficiency variance in June was
a. $20,300 (U). b. $12,300 (U). c. $12,300 (F). d. $15,300 (U).
Give one example in which a mechanistic structure would thrive and one example in which an organic structure would thrive.
What will be an ideal response?
Which of the following is a liability of newness?
A. Market for potential consumers is limited. B. Lack of established routines and processes give the venture a new slate. C. Costs associated with learning new tasks are high. D. Communication in informal systems is increased.
A wiki is a collaborative Web site where team members can share documents and information. _________________________
Answer the following statement true (T) or false (F)