____ are the first 2.5 percent of all those who first adopt a new product
a. Innovators
b. Early adopters
c. Laggards
d. Early majority
ANSWER: a
Innovators are the first 2.5 percent of all those who adopt a product. Innovators are eager to try new ideas and products, almost as an obsession. They are characterized as being venturesome.
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Which of the following is a company created with the participation of three or more companies?
A. Consortium B. None of the above C. Wholly-owned subsidiary C. Joint venture
The Securities and Exchange Commission can seek civil injunctions and recommend that the Justice Department bring criminal prosecution against violators of federal securities laws
Indicate whether the statement is true or false
The purpose of allowing federal jurisdiction when a dispute arises between citizens of different states is:
a. to give the defendant an advantage b. to give the plaintiff an advantage c. to provide a biased forum for handling such disputes d. to prevent one state courts from having more cases than another state's courts e. none of the other choices are correct
What is the correct journal entry to record direct labor when the actual labor mix is favorable and the total standard hours allowed is greater than the total actual hours worked?
A.
| Work in Process Inventory | XXX | |
| Direct labor yield variance | XXX | |
| Direct labor mix variance | XXX | |
| Wages Payable | XXX |
B.
| Finished Goods Inventory | XXX | |
| Direct labor yield variance | XXX | |
| Direct labor mix variance | XXX | |
| Work in Process Inventory | XXX |
C.
| Work in Process Inventory | XXX | |
| Direct labor yield variance | XXX | |
| Direct labor mix variance | XXX | |
| Wages Payable | XXX |
D.
| Finished Goods Inventory | XXX | |
| Direct labor mix variance | XXX | |
| Direct labor yield variance | XXX | |
| Work in Process Inventory | XXX |