Define indirect cost.
What will be an ideal response?
An indirect cost is a cost than cannot be easily or cost-effectively traced to a cost object.
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Many people have wanted to immigrate to the US for many years because ______.
a. it is cheap to live in the US b. it is easy to live in the US c. it is better to live in the US d. the U. S. has been known as the land of opportunity
How did Franklin Roosevelt’s establishment of the minimum wage fit with Adam Smith’s economic philosophy?
a. It satisfied Smith’s argument for a livable wage for every full-time worker. b. It violated Smith’s argument for government nonintervention in the economy. c. It violated Smith’s argument that businesses should obey the law and seek profits and nothing else. d. It satisfied Smith’s argument that governments should seek to regulate businesses to force ethical behavior in all ways possible.
Which of the following is NOT a possible limitation to implementing cultural change of an organization?
A) Cultural norms are deep-seated and may be quite resistant to change B) Successful changes in an organization’s culture typically occur over a long period of time C) Different generations have different feelings towards change D) Important ethical questions may arise as managers attempt to “manipulate” the norms and values of those in the organization
The Bretton Woods conference convened by the UN near the close of WWII established two monetary institutions, _____________ and ___________.
What will be an ideal response?