The work sheet is a tool used to assist in the preparation of financial statements

Indicate whether the statement is true or false


T

Business

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During the month, Barrera Manufacturing incurred (not paid) $45,000 in direct labor costs in Department 1, $22,000 direct labor costs in Department 2, and $3500 of indirect labor costs. Which of the following is NOT part of the summary journal entry to record these transactions? Process costing is used.

A) debit to Manufacturing Overhead for $3500 B) debit to Work-in-Process Inventory for $70,500 C) credit to Wages Payable for $70,500 D) debit to Work-in-Process Inventory—Department 1 for $45,000

Business

When socialization is successful, the employee will have a clear understanding of his or her role and will have learned how to confidently carry out new tasks and skills. This occurs during which socialization stage?

A. context phase B. change and acquisition phase C. anticipatory socialization D. encounter phase

Business

_______________________________ arbitration places no constraints on the arbitrator in deciding the settlement terms.

Fill in the blank(s) with the appropriate word(s).

Business

The product design team at cell phone maker Sapling, Inc., has had a fantastic string of successes over the past four years. The first phone it released helped Sapling dominate the marketplace with its line of powerful and highly photo-capable devices. Lately, however, the team's manager, Serena, notices that the team seems content to rest on its laurels and bask in past glories. The team spends a good deal of time in meetings tracking the sales of last year's model and speculating about how big everyone's bonus will be. In the team's early days, the ergonomics specialist, Fritz, and the audio designer, Astrid, would argue over the ideal placement of the headphone jack and built-in speakers, but now they have built a strong bond and constantly agree with the other's proposals. With

respect to group cohesion, which of the following approaches should Serena adopt to restore the team's capacity for innovation? A. threaten to replace the entire team if it fails to deliver fresh ideas B. divide the team into two halves and pit them against each other C. destabilize the team by promoting low-performing members to leadership positions D. meet with team members individually to assess their needs and frustrations E. hire a consultant to attend team meetings and ask challenging questions when ideas stagnate

Business