When not going through normal protocols of the parent organization becomes habit and results in rejection of policies and procedures, this is known as which of the following project pitfalls?
A. Bureaucratic bypass syndrome
B. The privileged parameter
C. Groupthink
D. Going native
E. Projectitis
Answer: A
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When a company sells a subsidiary or a product line on what financial statement is it reported and how is it reported?
Which of the following actions by a corporation would enjoy full First Amendment protection (i.e., could not be regulated)?
A) A media campaign by a tobacco company against a cigarette tax increase B) A media campaign for soap that inaccurately labels the soap "hypoallergenic" C) Advertising by an attorney that is misleading with respect to the fees charged for services D) A mailing that contains offers for the sale of fraudulent securities
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials price variance for the month was:
A. $1,800 unfavorable B. $1,000 favorable C. $6,000 unfavorable D. $5,800 unfavorable E. $1,800 favorable
Oklahoma Telephone Company has been forced by competition to put much more emphasis on planning and controlling its costs. Accordingly, the company's controller has suggested initiating a formal budgeting process. Which of the following steps will not help the company gain maximum acceptance by employees of the proposed budgeting system? (CMA adapted)
A. Ensuring that favorable deviations of actual results from the budget, as well as unfavorable deviations, are discussed with the responsible managers. B. Demonstrating top management support for the budgeting program. C. Implementing the change quickly. D. Including in departmental responsibility reports only those items that are under the department manager's control.