What is the purpose of cumulative voting?
A) To enforce a supramajority voting requirement
B) Voting to pay dividends
C) Voting on mergers and other fundamental changes to the corporation
D) A, B, and C
E) To give a minority shareholder a better opportunity to elect someone to the board of
directors
E
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Digital information fluency is often expected of employees by employers
Indicate whether the statement is true or false.
We are more likely to try to protect ourselves when communicating with one another if we see our relationship as which of the following?
A. cooperative B. competitive C. authoritarian D. comingled
Which of the following does not apply to a codificational system such as accounting standards?
a. It is pragmatic because maximizing the standards is impossible. b. Outputs are evaluated on the basis of whether they work correctly. c. Outputs are evaluated on the basis of whether they provide information to users at a reasonable cost. d. Outputs are correct in terms of deductive logic.
The following information relates to Leonard Manufacturing's overhead costs for the month
Static budget variable overhead $14,200 Static budget fixed overhead $5,600 Static budget direct labor hours 1,000 hours Static budget number of units 5,000 units Leonard allocates manufacturing overhead to production based on standard direct labor hours. Leonard reported the following actual results for last month: actual variable overhead, $14,500; actual fixed overhead, $5,400; actual production of 4,700 units at 0.22 direct labor hours per unit. The standard direct labor time is 0.20 direct labor hours per unit. Compute the fixed overhead cost variance. What will be an ideal response