Answer the following statement(s) true (T) or false (F)
1. Philanthropy is the largest source of revenue for the nonprofit sector overall.
2. Resource dependency theory explains how nonprofit organizations recognize their donors.
3. Goal displacement might occur if a nonprofit alters its programs to respond to the demands of its donors.
4. Supply-side theories of the nonprofit sector try to explain why nonprofits are exempt from taxation.
5. Most nonprofit organizations are best described as closed systems.
1. False
2. False
3. True
4. False
5. False
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Give an example of a company that utilizes a fully focused strategy and explain how
What will be an ideal response?
Select the incorrect statement regarding the relationship between type of user and type of information.
A. Assembly line supervisors need more immediate feedback on performance than do senior executives. B. Senior executives need less aggregated information than do lower-level managers. C. Middle managers need more nonfinancial, or operational data than do senior executives. D. Senior executives use general economic information as well as financial information.
Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$209,400 Budgeted production (a) 20,000units Standard hours per unit (b) 1.50machine-hours Budgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000units Standard hours per unit (b) 1.50machine-hours Standard hours allowed for the
actual production (a) × (b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$195,512 Actual hours 22,300machine-hours ?The total of the overhead variances is: A. $13,888 F B. $38,462 F C. $38,462 U D. $13,888 U
Which of the following is NOT an example of the micro-macro dilemma?
A. Downhill snow skiing is fun, but it is really quite dangerous. B. Many people like beer and wine, but drunk driving is a big social problem. C. A smoker may enjoy a cigar, but the smell can make other people sick. D. Some people like to eat a lot but later feel guilty about eating too much. E. A "good" lawn mower can be produced cheaply, but its price must be higher if its design must be safe for "ignorant" users.