Who developed Transaction Cost Economics?
a. Michael Porter
b. Edith Penrose
c. Karl Marx
d. Oliver Williamson
d. Oliver Williamson
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At the end of the year, overhead applied was $35,000,000. Actual overhead was $34,200,000. Closing over/under applied overhead into cost of goods sold would cause net income to increase/decrease by?
A) Increase by $800,000 B) Decrease by $800,000 C) Not effect net income. D) Decrease net income by $200,000
Business writing should be economical. In this context economical can best be defined as A) presenting ideas clearly and concisely
B) concentrating on the receiver's perspective instead of your own. C) solving problems and conveying information. D) getting your audience to believe and accept your message.
A successful TQM program incorporates all EXCEPT which of the following?
A) continuous improvement B) employee involvement C) benchmarking D) centralized decision-making authority E) JIT
An organization chart often shows that there is a clear and unbroken line of authority and responsibility from the top of the organization to the bottom. This concept is known as:
a. the scalar principle b. the division of labor c. unity of command d. span of control e. workplace teams