According to the case, EMONET—A Worldwide Success, one way to become prominent in a field is to recognize when there is an opportunity to
a. create positive emotional contagion
b. form a new group and then take the initiative to do so
c. help organizational members overcome feelings of frustration
d. flatter other organizational members and boost their self-image
b. form a new group and then take the initiative to do so
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The empirical rule states that, for data having a bell-shaped distribution, the percentage of data values being within one standard deviation of the mean is approximately
A. 25%. B. 50%. C. 68%. D. 95%.
Standard costing will produce the same income before extraordinary items as actual costing when standard cost variances are assigned to:
a. Work in process and finished goods inventories. b. An income or expense account. c. Cost of goods sold and inventories. d. Cost of goods sold.
In marketing terms, B2B stands for ________
A) buyer-to-buyer B) buyer-to-business C) business-to-buyer D) business-to-business E) bank-to-business
During June, Fraser Company's material purchases amounted to 6,000 pounds at a price of $7.35 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: $116,935 ($18.20 per hour) Direct material: $32,340 ($7.35 per pound) The standards for one unit of Fraser Company's product are as follows: Direct labor: Direct material: Quantity, 3.1 hours per unit Quantity, 2.1 pounds per unit Rate, $18 per hour Price, $7.10 per pound Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.
What will be an ideal response?