In terms of commonly traded organizational currencies, sharing tasks that increase someone's skills and abilities and letting others have ownership and influence are examples of ________-related currencies.
A. Task
B. Position
C. Inspiration
D. Relationship
E. Personal
Answer: E
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Which of the following challenges is typically associated with target costing?
A) developing a superior product with unique product benefits B) closing of the gap between the target and expected costs C) incorporating market orientation in the development process D) reducing the time it takes from concept generation to launch
An increase in the use of technology has caused
a. a decline in the amount of fixed costs in an organization. b. fewer costs to be susceptible to short-run control. c. companies to be more flexible in responding to short-term conditions. d. managers to be less concerned about capacity utilization because of the increased ability to produce in large quantities.
The agent's ability to transact business on behalf of and for the principal depends on whether the agent possesses:
a. actual authority b. apparent authority c. quasi-authority d. actual or apparent authority e. actual or apparent authority or quasi-authority
Whiston Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month.?Work in process, beginning:??Units in process40?Percent complete with respect to materials60%?Percent complete with respect to conversion50%?Costs in the beginning inventory:??Materials cost$6,200?Conversion cost$16,300?Units started into production during the month190?Costs added to production during the month:??Materials cost$42,390?Conversion cost$136,340?Work in process, ending:??Units in process30?Percent complete with respect to materials50%?Percent complete with respect to conversion40%Required:a. How many units were transferred to the next department during the
month?b. What were the equivalent units of production for materials and for conversion costs for the month?c. What were the costs per equivalent unit of production for materials and for conversion costs for the month?d. What was the cost of the ending work in process inventory in the department at the end of the month?e. What was the cost of the units completed and transferred to the next department during the month? What will be an ideal response?