Consider the following production function?
Y = A×Ka×L1?a.
?
If a = 0.3, and over the past year total factor productivity (TFP) grew 2.3 percent, capital grew 2 percent, and output grew 5 percent, what was the growth rate of labor?
A. 2 percent
B. 3 percent
C. 4 percent
D. 5 percent
Answer: B
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All of the following are examples of programmed reports except
a. cash flow reports for Division B b. year-to-date local income tax payments made by all employees living in City X and working in City Y c. inventory exception reports for Division G d. equipment utilization reports for Plant M
Isadore Hospital bases its budgets on patient-visits. The hospital's static planning budget for July appears below: Budgeted number of patient-visits 7,700 Supplies (@ $4.60 per patient-visit)$35,420Laundry (@ $7.20 per patient-visit) 55,440Salaries 46,200Occupancy costs 67,760Total$ 204,820Actual results for the month were: Actual number of patient-visits 7,800Supplies$38,250Laundry$61,240Salaries$46,190Occupancy costs$65,650The spending variance for laundry costs for the month is:
A. $5,800 F B. $5,800 U C. $5,080 U D. $5,080 F
Gifts in will can be specific, general, or residuary
Indicate whether the statement is true or false
Which of the following symbols represents the variance of the population?
a. ?2 b. ? c. ? d. x