In a barrier-free organization, differences in skills, authority, and talent disappear.
Answer the following statement true (T) or false (F)
False
Just because work roles are no longer clearly defined, however, does not mean that differences in skills, authority, and talent disappear. A barrier-free organization enables a firm to bridge real differences in culture, function, and goals to find common ground that facilitates information sharing and other forms of cooperative behavior. Eliminating the multiple boundaries that stifle productivity and innovation can enhance the potential of the entire organization.
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Shares of stock that have been reacquired by the issuing company are called treasury stock and the treasury stock account is debited for the cost
a. True b. False Indicate whether the statement is true or false
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials quantity variance for the month was:
A. $1,800 favorable B. $1,800 unfavorable C. $1,000 favorable D. $5,800 unfavorable E. $5,800 favorable
Which of the following is NOT required in determining service level requirements?
a. determining processing requirements or workloads b. determining a unit for work measurement c. determining the service levels for each workload d. determining impact of inventory stock outs
Job descriptions should be inflexible in very small firms to give the owner more freedom in assigning work to available employees.
Answer the following statement true (T) or false (F)