Parties are usuallyfree to bargain as they wish
Indicate whether the statement is true or false
True
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The final stage of the innovation process is ______.
A. implementation and diffusion B. idea generation C. problem-solving D. brainstorming
SeaKist Marine Stores Company manufactures decorative fittings for luxury yachts, which require highly skilled labor, and special metallic materials. SeaKist uses standard costs to prepare its flexible budget. For the first quarter of 2016, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 1.5 pounds per unit; $4 per pound Labor: 2 hours per unit; $18 per hour During the first quarter, SeaKist produced 5,000 units of this product. At the end of the quarter, an examination of the direct materials records revealed that the company used 7,000 pounds of direct materials. The direct materials efficiency variance was $2,000 F. Which of the following is a logical explanation for this variance? A) The company used fewer labor hours than allowed by the standards. B) The company paid a lower cost per hour for labor than allowed by the standards. C) The company used a lower quantity of direct materials than was allowed by the standards. D) The company paid a lower cost for the direct materials than allowed by the standards.
A product is in the maturity stage of the product life cycle, and the company decides to modify the marketing mix. Which of the following steps is the company most likely to take?
A) use aggressive sales promotions B) change features of the product C) improve product quality D) find new uses for the product E) explore new market segments
Which of the following statements is true of monitoring?
A. Monitoring allows workers to control their environment. B. Monitoring tends to create a friendly workplace without any suspicions. C. Monitoring ensures effective performance by preventing the loss of productivity to inappropriate technology use. D. Monitoring enables employers to legally access confidential medical information about their employees.