A company is said to lack control when there is a(n) ________, that is the firm's expectations are not established in writing.
A. absence of policies
B. "shoot the messenger" management
C. inadequacy of ethics in the culture
D. lack of periodic reviews
E. lax top management
Answer: A
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Lifestyles are identified by a convergence of personality, product and setting
Indicate whether the statement is true or false
An increase in the money supply is an example of a(n) ____ policy.
A. countercyclical B. procyclical C. contractionary D. expansionary
Which of the following is/are true concerning an employee stock options' time value element?
a. The time value element results from the possibility of increases in the market price of the stock during the exercise period. b. Time value is larger the longer the exercise period and the more volatile the market price of the stock. c. A stock option whose exercise price exceeds the current market price has economic value because of the possibility that the market price will exceed the exercise price on the exercise date. d. A stock option whose exercise price has zero intrinsic value has economic value because of the possibility that on the exercise date there would be positive intrinsic value. e. all of the above
Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below: Budgeted number of machine-hours 1,000 Supplies (@ $8.60 per machine-hour)$8,600Power (@ $8.80 per machine-hour) 8,800Salaries 11,300Equipment depreciation 9,900Total$ 38,600Actual results for the month were: Actual number of machine-hours 1,200Supplies$10,290Power$10,860Salaries$11,690Equipment depreciation$9,990The spending variance for supplies costs for the month should be:
A. $1,690 F B. $30 F C. $30 U D. $1,690 U