After years of observing others in leadership do a bad job and mistreat employees, Joe has decided to become a supervisor. Joe believes that he will be able to insure that people are treated fairly and then he can reduce the conflict in the workplace. Which theory of intergroup relations explains Joe's actions?
a. realistic conflict theory
*b. equity theory
c. interactional model of cultural diversity
d. distributive justice theory
*b. equity theory
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Which of the following would not be considered an internal centralized service department?
A) Payroll accounting department B) Manufacturing department C) Information systems department D) Purchasing department
Safety Products currently outsources an electrical switch that is a component in its sprinkler systems. The switches are purchased for $36 each. The company is considering making the switches internally and has conducted a study to determine the costs involved. The costs below are projected annual production costs: Unit-level material cost$6? Unit-level labor cost$5? Unit-level overhead$4? Batch-level cost (5000 units per batch)$21,000? Product-level supervisory salaries$45,500? Allocated facility-level costs$36,000? Assume that the company needs 10,000 of the switches, which would be produced in two batches. Assume also that the company will still be operating within the relevant range. If Safety decides to make the parts under these conditions, the total relevant
costs will be: A. $205,500. B. $273,500. C. $216,500. D. $252,500.
In a closed-end credit transaction:
a. the lender makes a series of loans with a maximum amount set before the first loan is made. b. if the lender is offering a "teaser rate," this must be clearly disclosed. c. the Federal Reserve Board should be consulted before a lender is chosen. d. there is only one loan, and the borrower knows the amount and payment schedule in advance.
Which of the following is correct with respect to election of remedies?
a. The Code follows the doctrine of election of remedies with respect to contracts for the sale of goods. b. The remedy of specific performance is consistent with that of restitution. c. A person who seeks an injunction may also seek incidental damages for the breach. d. All of these are correct.