Which of the following core values strongly influences the attitudes and lifestyles of Americans?
a. Structural mobility
b. Self-sufficiency
c. Nonconformity
d. Self-dealing
Answer: b. Self-sufficiency
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Fallgatter, Inc, expects to sell 17,500 units. Each unit requires 3 pounds of direct materials at $12 per pound and 2 direct labor hours at $10 per direct labor hour. The overhead rate is $8 per direct labor hour. The beginning inventories are as follows: direct materials, 2,000 pounds; finished goods, 2,500 units. The planned ending inventories are as follows: direct materials, 5,600 pounds;
finished goods, 3,000 units. Given a planned production of 10,000 units, what are the planned direct materials purchases? a. $331,200 b. $295,200 c. $367,200 d. $403,200
The primary drawback of "traditional" strategic control systems is
A. goals and objectives cannot be measured with a high level of certainty. B. they lack the flexibility needed to adjust to changes in the environment. C. they are only appropriate when the environment is stable and simple. D. they lead to complacency.
Who among the following generally lends funds to a business entity and expects repayment of the funds?
A) A partner B) A stockholder C) An owner D) A creditor
The constraint for a given resource is given by the following equation:
2X1 + 3X2 ? 20 If X1 = 5 and X2 = 4 how many units of this resource are unused? A) 20 B) 2 C) 22 D) 0 E) 9