Describe how group behavior is influenced by the organization to which the group belongs.
What will be an ideal response?
The strategy of the organization, the authority structures, and regulations employed to implement
that strategy determine which groups in organizations get resources and dictate the type of behavior
that receives rewards.
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________ expenses are those costs that are incurred in a period but are both unpaid and unrecorded.
Fill in the blank(s) with the appropriate word(s).
Direct materials costs and conversion costs for the current period on a process cost report are divided by their respective units of equivalent production to arrive at the
a. ending inventory unit cost. b. transferred-in cost per unit. c. beginning inventory cost per unit. d. cost per equivalent unit.
The Irish social partnership is characterized by all of the following except:
A. Peak level agreements B. Reliance on interest groups that use lobbying power to pressure lawmakers C. Labor, business, and government negotiations D. National agreements on social and economic issues
A t-shirt company is planning a production run for an event where the attendance (and thus demand for t-shirts) is uncertain. The event planners have indicated that they think the attendance will be 500, 750 or 1000, with probabilities of 30%, 50% and
20% respectively. The company must pre-order the blank t-shirts (cost=$5 per shirt) and it can sell finished shirts for $12 apiece. Any finished shirts that cannot be sold at the event can be sold for $2 apiece to a used clothing vendor. What Excel function is useful for calculating the expected value of demand for t-shirts? What is the expected demand?