Which of the following examples demonstrates the midway point of the punctuated equilibrium development pattern?
A. Graden finally feels comfortable enough with his role to slip into a mundane routine.
B. Blaine and her associates have worked ahead, so they can relax and do nothing for the duration of the project.
C. Sunny illuminates long festering resentments within the team and progress comes to a standstill.
D. Phyllis and her teammates realize they need to quit messing around and get busy to meet their deadline.
E. Brady realizes his team is failing and asks his supervisors for permission to disband it.
Answer: D
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Which communication process portrays communication as a dynamic process?
A) The transaction model B) The relational model C) The credibility model D) The interaction model E) The cultural model
Identify each of the following business activities into the appropriate category: Operating, Investing, or Financing.
A. Paid utilities expenses. B. Paid employee wages. C. Dividends to stockholders. D. Borrowed money from a bank on a long-term note. E. Received investment from stockholder. F. Paid an amount due on a long-term bank loan. G. Purchase of land. H. Sale of used equipment.
Shankland Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.5pounds$8.50per pound$12.75Direct labor0.50hours$18.00per hour 9.00Fixed manufacturing overhead0.50hours$9.00per hour 4.50Total standard cost per unit $ 26.25The standard fixed manufacturing overhead rate was based on budgeted fixed manufacturing overhead of $67,500 and budgeted activity of 7,500 hours.
During the year, 24,600 units were started and completed. Actual fixed overhead costs for the year were $84,800.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When applying fixed manufacturing overhead to production, the Work in Process inventory account will increase (decrease) by: A. ($6,800) B. $110,700 C. ($110,700) D. $6,800
Data from Keniston Corporation's most recent balance sheet and income statement appear below: This YearLast YearAccounts receivable$128,000 $114,000 Inventory$228,000 $193,000 Sales on account$813,000 Cost of goods sold$597,000 The average collection period for this year is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 39.1 days B. 45.1 days C. 57.5 days D. 54.3 days