All of the following are relevant areas for employment tests except
A. aptitudes.
B. skills.
C. abilities.
D. job-related knowledge.
E. all of these answer choices are relevant areas for employment tests.
Answer: E
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Trundle Corporation manufactures one product. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:?InputsStandard Quantity or HoursStandard Price or RateStandard Cost?Direct materials2.6 pounds$8.00 per pound$20.80?Direct labor0.70 hours$21.50 per hour15.05?Fixed manufacturing overhead0.70 hours$14.50 per hour 10.15?Total standard cost per unit???? $46.00During the year, the company completed the following transactions concerning raw materials:a. Purchased 99,100 pounds of raw material at a price of $7.90 per pound.b. Used 89,020 pounds of the raw material to produce 34,200 units of work in
process.Required:Record the above transactions in the worksheet that appears below. Because of the width of the worksheet, it is in two parts. In your text, these two parts would be joined side-by-side to make one very wide worksheet. The beginning balances have been provided for each of the accounts, including the Property, Plant, and Equipment (net) account which is abbreviated as PP&E (net).?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,050,000$56,160$0$64,400$472,900=$0$0a.?????=??b.?????=???Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,643,460a.?????b.????? What will be an ideal response?
Which statement best defines a company's operating cash inflows?
A) collections from customers and shareholders B) collections from customers and shareholders and earnings from investments C) collections from customers and earnings from investments D) collections from customers
The employee-centered style is analogous to ______.
a. coordinating style b. structuring style c. consideration style d. relating style
Which of the following statements is false?
a. TQM and JIT are both based on ideal standards. b. In automated companies, a standard cost system may use only 2 elements of productive costs: Direct material and conversion. c. An automated company may use the theoretical capacity rather than practical capacity to compute predetermined fixed overhead rate. d. TQM and JIT are both based on practical standards.