The budgeted payment for labor cost each period would be found in the
a. labor budget.
b. pro forma income statement.
c. selling, general, and administrative expense budget.
d. cash budget.
D
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In consumer-goods market testing, the company seeks to estimate four variables. These four variables are: trial, first repeat, adoption, and ________
A) guaranteed response B) price sensitivity C) purchase frequency D) usage convenience E) preferential treatment
Generally, the more equal the level of participation among members, the higher the group’s ______.
a. productivity b. cohesiveness c. success d. positivity
Much fanfare was made about Quon’s latest bonus in the office. He has always been a high performer. However, this year he received an extra-large bonus. His coworker Hannah got a little tired of hearing about Quon’s bonus and decided that next year she would win some of the bonus money. Which advantage of individual incentives does this illustrate?
A. They make it easy to evaluate individual employees. B. They offer the ability to match rewards to employee desires. C. They promote the link between performance and results. D. They may motivate less productive employees to work harder.
Which of the following is a characteristic of a public corporation?
A) The lifetime of the organization is limited to the lifetime of the decision-making committee or the Chief Executive Officer, whichever is longer. B) Profits are taxed as income to corporation and again as income to owners when distributed as dividends. C) Ownership interests are generally limited to no more than 35 shareholders. D) Owners can exert control over daily management decisions.