Knapper Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue - $37.00 Wages and salaries$3,800 $6.10Food and supplies 900 14.90Facility expenses 9,700 4.80Administrative expenses 6,600 0.10Total expenses$21,000 $25.90?The food and supplies in the flexible budget for January would be closest to:
A. $41,130
B. $41,726
C. $41,018
D. $42,243
Answer: B
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Broad differentiation, broad cost leadership, and ________ create the three generic strategies identified by Porter.
A. Narrow market leadership B. Focused strategy C. High cost versus low cost D. None of these
Frank Company earned $15,000 of cash revenue. Which of the following accurately reflects how this event affects the company's accounting equation? Assets=Liabilities+CommonStock+RetainedEarningsA.15,000=NA+15,000+NAB.15,000=NA+7,500+7,500C.15,000=NA+NA+15,000D.15,000=15,000+NA+NA
A. Option A B. Option B C. Option C D. Option D
Amy asked her staff of three to help make the new guy, John, feel welcome. They all jump right in to welcoming John by showing him around the office, inviting him to lunch, and helping him settle into his new position. They all seem to really like John and let him know it. Which outcome did Amy receive for her request?
a. Compliance b. Resistance c. Adherence d. Commitment
When you must deliver bad news to one person or a small group, you should usually A) send an anonymous letter
B) address the issue in a department meeting. C) deliver the message in person. D) wait at least one week so that you can formulate your thoughts.