What belief is held by Theory X managers?
a. The average employee likes work.
b. employees should be self-directed.
c. Employees prefer to not be told what to do.
d. Employees value job security above all else.
d. Employees value job security above all else.
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Which of the following uses fingerprint or hand-vein scan technology to produce the time and attendance file?
a. Biometric time clocks b. Magnetic swipe ID cards c. Mobile remote devices d. Proximity cards
Dual listing of a stock leads to a decrease in the marketability of the stock.
Answer the following statement true (T) or false (F)
Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor
Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $11 per pound Direct labor: 4 hours per unit; $19 per hour Allen produced 4,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and actual total materials costs were $99,300. What is the direct materials efficiency variance? A) $44,000 U B) $38,500 U C) $44,000 F D) $38,500 F
The auditors are using mean-per-unit sampling to evaluate the reasonableness of the book value of the accounts receivable of Smith, Inc. Smith has 10,000 receivable accounts with a total book value of $800,000. The auditors estimate the population's standard deviation as being equal to $25. After examining the overall audit plan, the auditors believe that the account's tolerable misstatement is $40,000, and that a risk of incorrect rejection of .10 (risk coefficient = 1.64) and a risk of incorrect acceptance of .15 (risk coefficient = 1.04) should be used.Required:a. Calculate the required sample size.Now ignore your sample size calculation in part "a," and assume that your answer was a sample size of 289 (the square root of 289 is 17) and that you obtained the following results:Average
audited value of items in sample: $76.50Average book value of items in sample: $78Standard Deviation in the sample (audited values): $24Standard Deviation in the sample (book values): $26b. Using mean-per-unit sampling, calculate the projected misstatement for the population.c. Using mean-per-unit sampling, calculate the allowance for sampling risk and use it to form a statistical conclusion concerning the book value of the population ($800,000). That is, calculate an interval and either "accept" or "reject" the client's book value. What will be an ideal response?