Scholars who focus on job and management functions in order to determine the best way to manage organizations are known as ______.
a. behavioral theorists
b. classical theorists
c. efficiency theorists
d. contingency theorists
b. classical theorists
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A company had a tractor destroyed by fire. The tractor originally cost $136,000 with accumulated depreciation of $69,900. The proceeds from the insurance company were $31,000. The company should recognize:
A. A gain of $31,000. B. A loss of $66,100. C. A loss of $35,100. D. A gain of $66,100. E. A gain of $35,100.
The balance in the Work in Process Inventory account on October 1 was $14,000, and the balance on October 31 was $85,400. Costs incurred during the month were as follows: direct materials, $55,820; direct labor, $58,420; and overhead, $40,000. What amount was transferred to the Finished Goods Inventory account during October?
A) $82,840 B) $154,240 C) $239,640 D) $140,240
In ______, processes are systematically measured using statistical techniques.
a. total quality management b. reengineering c. Six Sigma d. transorganization development
Insider trading occurs when persons buy or sell securities on the basis of information that is not available to the pubic.
Answer the following statement true (T) or false (F)