The exception principle of management states that ________.
A. all issues should be presented to managers except in cases of dire emergency
B. face-to-face communication should be avoided whenever possible
C. managers should only be communicated with on matters of exception
D. All of the choices are correct.
Answer: C
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One of the four goals of delivering bad news is to ________
A) state the news clearly, yet sensitively B) protect the audience's self-esteem by only hinting at the news C) offend your audience if necessary to get the message across D) gloss over the facts that may cause legal complications E) budget additional time to re-explain the message
Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct.
A. In equilibrium, the expected return on Stock B will be greater than that on Stock A. B. When held in isolation, Stock A has more risk than Stock B. C. Stock B would be a more desirable addition to a portfolio than A. D. In equilibrium, the expected return on Stock A will be greater than that on B. E. Stock A would be a more desirable addition to a portfolio then Stock B.
Markus, Inc produces a specialized machine part used in forklifts. For last year's operations, the following data were gathered: Units produced: 55,000 Direct labor: 29,000 hours @ $9.00 Actual variable overhead: $135,000 Markus employs a standard costing system. During the year, a variable overhead rate of $5.00 was used. The labor standard requires 0.50 hours per unit produced. The variable
overhead spending and efficiency variances are, respectively: A) $10,000 U and $7,500 U. B) $10,000 F and $7,500 U. C) $7,500 U and $10,000 F. D) $10,000 F and $7,500 F. E) none of these.
Scranton, Inc. reports net income of $251,000 for the year ended December 31. It also reports $96,800 depreciation expense and a $6050 gain on the sale of equipment. Its comparative balance sheet reveals a $39,700 decrease in accounts receivable, a $17,850 increase in accounts payable, and a $13,900 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.
A. $385,400. B. $391,450. C. $349,700. D. $288,800. E. $413,200.