A company using very tight (high) standards in a standard cost system should expect that
a. no incentive bonus will be paid.
b. most variances will be unfavorable.
c. employees will be strongly motivated to attain the standards.
d. costs will be controlled better than if lower standards were used.
B
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Which of the following statements is an argument raised by critics of a natural law school?
A) It requires sophisticated quantitative methodology, relying too heavily upon statistical methods. B) It is based primarily upon the European rather than American legal thinking. C) It is overly subjective in a nation of differing cultures and moral values. D) It is designed for communist and socialist political systems.
Logan plans to ask for audience questions at the end of his presentation. If he thinks the audience might not have heard a question, he should ask the audience member to repeat it more loudly
Indicate whether the statement is true or false
The amount of corporate investment is typically at its lowest in the:
A) Conceptualization phase. B) Planning phase. C) Execution phase. D) Termination phase.
Market bubbles such as the technology bubble of the 1990s and the housing bubble of 2004-2007 are best explained by
A) the efficient market hypothesis. B) behavioral finance and economics. C) rational expectations theory. D) anomaly theory.