Deontology is based on universal rules that require that all similar cases be treated alike with no
exceptions.
Indicate whether the statement is true or false
TRUE
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Thoroughly understanding that the system is dynamic should have which of the following impacts on organizations?
a. Leaders should understand that they can only focus on so much and choose one aspect of the external environment to focus on well b. Since external factors are changing, internal systems need to change also c. The patterns of thinking that have developed over time are reliable as new conditions arise d. No matter what changes in the environment, the same people in an organization will always have the most influence
The costs incurred for Job A are: Total labor and overhead $37,225 Total other direct costs $10,775 The bid price for the job if the company made a 40 percent profit on the bid price is:
a. $60,000 b. $64,000 c. $80,000 d. $66,667
Organizations that are highly labor-intensive will have low operating leverage due to
a. A small amount of variable costs. b. A large amount of fixed costs. c. A small amount of mixed costs. d. A large amount of variable costs.
Hamlin Company, a retailer, had cost of goods sold of $190,000 last year. The beginning inventory balance was $22,000 and the ending inventory balance was $28,000. The company's inventory turnover was closest to:
A) 6.79 times B) 7.6 times C) 3.8 times D) 8.64 times