What is the purpose of organizational change?
a. To enhance the organization’s effectiveness to generate value
b. To become more global
c. To increase its footprint and grow substantially
d. To make employees and consumers happy
a. To enhance the organization’s effectiveness to generate value
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What will be an ideal response?
The Uniform Deceptive Trade Practices Act:
a. Prohibits unfair or fraudulent business practices and untrue or misleading advertising. b. Allows for private causes of action, including attorneys' fees in certain situations. c. Both of the above d. Neither of the above.
Which of the statements below is TRUE?
A) The frequency of bankruptcy for a high-tech up-start firm is lower than for a blue-chip firm, so we see higher borrowing rates for start-ups than for mature firms. B) The frequency of bankruptcy for a high-tech up-start firm is higher than for a blue-chip firm, so we see lower borrowing rates for start-ups than for mature firms. C) The frequency of bankruptcy for a high-tech up-start firm is lower than for a blue-chip firm, so we see lower borrowing rates for start-ups than for mature firms. D) The frequency of bankruptcy for a high-tech up-start firm is higher than for a blue-chip firm, so we see higher borrowing rates for start-ups than for mature firms.
Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.7liters$5.40per literDirect labor 0.70hours$20.60per hourVariable manufacturing overhead 0.70hours$5.50per hour?The company has reported the following actual results for the product for December: Actual output 4,100unitsRaw materials purchased 25,100litersActual price of raw materials$4.80per literActual cost of raw materials purchased$120,480 Raw materials used in production 23,360litersActual direct labor-hours 2,700hoursActual direct labor rate$21.20per hourActual direct labor
cost$57,240 Actual variable overhead rate$5.90per hourActual variable overhead cost$15,930 ?The raw materials quantity variance for the month is closest to: A. $54 U B. $54 F C. $48 F D. $48 U