List four ways in which group norms develop.
What will be an ideal response?
1. Critical events in the team’s history2. Explicit statements from team leader or members3. Primacy—first behavior precedents4. Carryover from previous experiences
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If Amelia spends $300 per year at The Gap and spends an average of $1500 per year on clothes, then the share of customer for The Gap:
A) is 20 percent B) is 50 percent C) is $300 D) cannot be determined with the information provided
Pricing of services
a. requires the same approach as pricing of products. b. uses a markup percentage to add the cost of overhead to the direct costs of labor, materials, and parts. c. always requires three pricing computations, one for materials, one for parts, and one for labor. d. is less accurate than pricing of products.
Regarding the flow of costs through the inventory accounts, which of the following statements is incorrect?
A) The final amount at each stage is added at the beginning of the next stage. B) The costs flow from Raw Materials Inventory to Work-in-Process Inventory to Finished Goods Inventory. C) Purchases and freight in are debited to the Work-in-Process Inventory account. D) The format for computing the amount used, manufactured, or sold is the same for all three inventory accounts.
A silk screen T-shirt Company buys T-shirts and places designs on them. The cost of the T-shirt is $2.00 . Placing the designs on shirts costs $3.00 . The shirts sell for $12 . Unsold shirts are donated to charity. The monthly demand for T-shirts with designs runs at a mean of 400 and a standard deviation of 50 T-shirts and is approximately normally distributed. What is the profit maximizing
number of T-shirts to purchase each month? ____________________ T-shirts Fill in the blank(s) with correct word