Caterina Valente is given a job as a buyer in a department store. While nothing is specifically said to Caterina, a buyer normally has authority to act as agent for the business. What is this type of authority called?
A) Express
B) Silent
C) By necessity
D) Apparent
E) By estoppel
D
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Mystic Falls Inc Mystic Falls Inc bottles and sells a popular soft drink. In 2011, the company had expected to sell 1,000,000 bottles but actually bottled and sold 900,000 bottles. The standard direct materials cost for each bottle is $.40 comprised of 10 ounces at a cost of $.04 per ounce. During 2011, 10,000,000 ounces of material were purchased out of which 9,200,000 ounces were used at a cost
of $.05 per ounce. Refer to the Mystic Falls Inc information above. The direct materials price variance for 2011 was: A) $ 92,000 U. B) $ 92,000 F. C) $100,000 U. D) $100,000 F.
Antonia decides to use rewards and punishment, to motivate the technicians reporting to her. Which one of the following is likely to be an effective tactic for Antonia to use?
(Assume that Antonia has the approval of upper-management to use the tactics described next.) A) Explain to the technicians that being a consumer-products recycler is privileged work and that they should be grateful to their employer. B) Inform the group not to be too concerned about external rewards because good work is its own reward. C) Give small financial incentives, such as $20 for a week of attaining the production goal. D) Explain to the group that she is setting relatively low expectations for them because of their records as former convicts and drug addicts.
A company whose managers focus on results, rather than how results are achieved, most likely possesses a high degree of ________.
A. people orientation B. team orientation C. outcome orientation D. aggressiveness
A sole proprietor has limited personal liability.
Answer the following statement true (T) or false (F)