List the 6 social classes
What will be an ideal response?
The 6 social classes are:
1. Upper-upper
2. Lower-upper
3. Upper-middle
4. Lower-middle
5. Upper-lower
6. Lower -lower
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Matching can occur directly (like cost of goods sold), indirectly (like plant assets), or immediately when no future benefits from the cost are expected
a. True b. False Indicate whether the statement is true or false
Proper handling of human relations is essential to the establishment of an effective budgeting system. There is a natural tendency for people to be uncomfortable with budgets. Describe how participative budgeting helps create a healthy atmosphere surrounding the budgeting process.
What will be an ideal response?
Total conversion costs for the period include direct materials, direct labor, and overhead
Indicate whether the statement is true or false
Managers’ expectations of employees can impact the employees’ motivation. This is called ______.
a. motivation process b. Pygmalion effect c. performance formula d. leadership