How much research support is there for the basic principles of goal setting?
a. Surprisingly, very few studies have actually been done on it
b. Over a thousand studies have found support for the basic principles of goal setting
c. Although a fair number of studies have been done, they have produced conflicting results so no conclusions can be drawn about the value of goal-setting
d. About 50 studies have found support for goal setting
b. Over a thousand studies have found support for the basic principles of goal setting
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Which is not a reason that an individual would welcome change?
a. A chance for personal growth b. A chance for promotion c. Variety and challenge d. To work longer hours
Institutional advertising does not emphasize product sales
Indicate whether the statement is true or false
Restitution is an action to undo a contract
Indicate whether the statement is true or false
Riverview Manufacturing, which produces electrical components, is contemplating submitting a bid for 30,000 units of item no. 54. The bid's cost will be follows:Raw materials$ 75,000Direct Labor120,000Manufacturing overhead 150,000Additional set-up costs3,000Special device5,000Allocated administrative overhead12,000Total cost$365,000The special device will be purchased for this job and once the job is completed, the device will be discarded.Riverview applies total manufacturing overhead of $5 to each unit (0.5 machine hours at $10 per hour). This figure is based, in part, on budgeted yearly fixed overhead of $1,440,000 and an anticipated volume of 480,000 machine hours (40,000 per month). Riverview is presently working at 85% of capacity, and the client needs the order in two
months.Required:A. Is Riverview's current operating environment one of excess capacity or no excess capacity? Briefly explain.B. If Riverview had excess capacity, what would be the lowest cost total that the company should use when figuring its bid for the order?C. Can Riverview produce this order in the required time frame of two months? Explain.D. Suppose that Riverview is in marginal financial health. Explain the benefits and problems of approaching the bidding procedure with (1) a low bid or (2) a high bid. What will be an ideal response?