Unacceptable (prohibited) routes in a transportation problem are assigned cost values of zero
Indicate whether this statement is true or false.
Answer: FALSE
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At the individual level, managers in transition economies are likely to have varying degrees of management education and a cultural profile characterized by ______.
Fill in the blank(s) with the appropriate word(s).
Begin and end meetings on time for maximum efficiency
Indicate whether the statement is true or false
Which of the following is not an example of a speculative risk?
A) Purchase of an insurance policy B) Investment in common stocks C) Operating a business for profit D) Investment in banana futures
Kirnon Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $300 per month plus $114 per job plus $16 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in October to be 27 jobs and 224 meals, but the actual activity was 29 jobs and 227 meals. The actual cost for catering supplies in October was $7,500. The activity variance for catering supplies in October would be closest to:
A. $276 F B. $538 F C. $276 U D. $538 U