Which of the following is true about a piece rate plan?
A. It can be used for all types of jobs and in all types of industries.
B. It is best suited for complex jobs and tasks.
C. It can be used to encourage team work and collaboration.
D. It has a direct link between the work and how much the employee earns.
E. It encourages peers to perform as well as the co-workers and reduce conflicts.
Answer: D. It has a direct link between the work and how much the employee earns.
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In a normal job-order costing system, factory overhead is applied using predetermined rates times actual input
Indicate whether the statement is true or false
The percentage of value of shipments that come from materials for the average manufacturer is:
A) greater than or equal to 40 and less than or equal to 49 percent. B) greater than or equal to 50 and less than or equal to 59 percent. C) greater than or equal to 60 and less than or equal to 69 percent. D) greater than or equal to 70 percent.
Major corporate policy is determined by
a. stockholders. b. officers. c. directors. d. managers.
In the original Modigliani/Miller world, the value of the firm is sensitive to the funding choice between debt and equity
Indicate whether the statement is true or false.