Answer the following statements true (T) or false (F)
There is usually information symmetry between the firm and outsiders.
ANSWER: F
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Which point on the Leadership Grid is proven to consistently be the best form of leadership?
A. authority compliance B. there is no best style C. middle-of-the-road D. team behaviors
Stopyra Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$28,200 Budgeted fixed manufacturing overhead$89,280 Budgeted hours 12,000labor-hours Actual production (a) 16,000unitsStandard hours per unit (b) 0.60labor-hoursStandard hours allowed for the actual production (a) × (b) 9,600labor-hours Actual variable manufacturing overhead$26,967 Actual fixed manufacturing overhead$74,280 Actual hours 8,900labor-hoursThe fixed overhead budget variance is:
A. $15,000 U B. $2,856 U C. $15,000 F D. $2,856 F
Turnover is the ratio of operating income to sales
Indicate whether the statement is true or false
An ________ is a contract in which the original offeree pays consideration (usually money) in return for the original offeror giving consideration (time of the option period).
A. option contract B. executory contract C. auction contract D. implied-in-fact contract