Identify three ways in which society is trying to address the misallocation of resources held in the common
What will be an ideal response?
1. moving some of the common to private property; 2. allocation of rights; 3 . regulation
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Which one of the following was NOT discussed as a way to create a culture of honesty and integrity?
a. Offer rewards for honest behavior b. Communicate expectations throughout the organization c. Hire the right kinds of employees d. Create a positive work environment
Seal Financial Advisors provides accounting and finance assistance to customers in the retail business. Seal has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $571,000 per year, and normal billable hours are 8100 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $754,000. Seal allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. What is the predetermined overhead allocation rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A) $93.09 per hour
A) $93.09 per hour B) $22.59 per hour C) $70.49 per hour D) $163.58 per hour
John H. Harland Company is best known for printing personal and business checks, but it also owns Scantron, a computerized testing and assessment company. Harland's purchase of Scantron is an example of the implementation of a ________ strategy
A) market development B) product penetration C) market penetration D) diversification E) product development
Use of market transfer prices
a. is the only acceptable approach in a free enterprise economy. b. usually does not cause the selling division to ignore negotiating attempts by the buying division. c. may cause an internal shortage of materials. d. usually does not work against the operating objectives of the company as a whole.