Larry Page, Google's cofounder and former CEO, describes the culture as a "family" environment. He said, "My job … is to make sure everybody in the company has great opportunities, and that they feel they're having a meaningful impact and are contributing to the good of society. ... It's important that the company be a family, that people feel that they're part of the company, and that the company is like a family to them. When you treat people that way, you get better productivity." This is an example of ________ culture.
A. clan
B. hierarchy
C. adhocracy
D. market
E. control
Answer: A
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The study of the meaning of words is called ______.
a. morphology b. phonemics c. syntax d. semantics
Which of the following statements is false? The cost of rework on defective units, if
a. abnormal, should be assigned to a loss account. b. normal and if actual costs are used, should be assigned to material, labor and overhead costs of the good production. c. normal and if standard costs are used, should be considered when developing the overhead application rate. d. abnormal, should be prorated among Work In Process, Finished Goods, and Cost of Goods Sold.
Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 80,000 units per month is as follows: Per UnitDirect materials$22.50Direct labor$7.50Variable manufacturing overhead$1.70Fixed manufacturing overhead$19.00Variable selling & administrative expense$2.70Fixed selling & administrative expense$8.60The normal selling price of the product is $67.80 per unit.An order has been received from an overseas customer for 3,000 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $1.90 less per unit on this order than on normal sales.Direct labor is a variable
cost in this company.Suppose there is not enough idle capacity to produce all of the units for the overseas customer and accepting the special order would require cutting back on production of 1,600 units for regular customers. The minimum acceptable price per unit for the special order is closest to: A. $50.31 per unit B. $62.00 per unit C. $50.70 per unit D. $67.80 per unit
George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?
A. There is no appeal. B. He would appeal first to the U.S. Court of Federal Claims. C. He would appeal first to the U.S. Court of Appeals for the Federal Circuit. D. He can appeal the case, but only if the amount of tax involved is greater than $5,000.