The defined benefit plan is a type of plan in which the employer's contribution into the pension fund is based on a formula
Indicate whether the statement is true or false
False
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Which of the following statements about management by exception is incorrect?
A) Managers concentrate on results that are outside the accepted parameters. B) There is no need to investigate variances that are less than 20% of the budgeted amount. C) Exceptions can be expressed as a percentage of a budgeted amount or a dollar amount. D) Many companies use a combination of percentages and dollar amounts.
When the size and purchasing power of a target segment can be determined, the segment is ________
A) measurable B) accessible C) substantial D) differentiable E) profitable
The Engine Division of Magnificent Motor Corporation uses 5,000 carburetors per month in its production of automotive engines. It presently buys all of the carburetors it needs from two outside suppliers at an average cost of $100 . The Carburetor Division of Magnificent Motor Corporation manufactures the exact type of carburetor that the Engine Division requires. The Carburetor Division is
presently operating at its capacity of 15,000 units per month and sells all of its output to a foreign car manufacturer at $106 per unit. Its cost structure (on 15,000 units) is: Variable production costs $70 Variable selling costs 10 All fixed costs 10 Assume that the Carburetor Division would not incur any variable selling costs on units that are transferred internally. Refer to Magnificent Motor Corporation. What is the maximum of the transfer price range for a transfer between the two divisions? a. $106 b. $100 c. $90 d. $70
Which of the following is NOT one of the four key tasks that Wheeled Coach insists are necessary for successful MRP implementation?
A) The material plan must meet both schedule requirements and facility capabilities. B) The plan must be executed as designed. C) Inventory investment must be minimized. D) Excellent record integrity must be maintained. E) The process must adhere to stringent quality control standards.