Organizational commitment reflects an individual's identification with the organization and its mission
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Job satisfaction, also known as morale, is the extent to which people have positive attitudes toward their jobs. Organizational commitment, in contrast, reflects an individual's identification with the organization and its mission.
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Answer the following statements true (T) or false (F)
1. A good organizational culture can facilitate a low turnover rate. 2. Sometimes an organizational structure can be strong enough to take the place of organizational culture. 3. When employees are forced to adhere to an organization's values through extensive procedures and bureaucracies, its culture is said to be weak. 4. The fit perspective assumes that the most effective cultures help organizations anticipate and adapt to environmental changes.
When examining products, consumers compare an observed price to an internal reference price they remember or an external frame of reference
Indicate whether the statement is true or false
Under state law in many states and under the FTC rules and the Federal Consumer Credit Protection Act, a contract solicited in a consumer's home may be canceled within:
a. 10 days by either party. b. 10 days by the consumer. c. three days by the consumer. d. 20 days by either party.
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$97Budgeted unit sales (all on credit): January 10,000February 12,000March 13,300April 15,200? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$9.00per direct labor-hourVariable selling and administrative expense$3.10per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 30% in the month of the sale 70% in the following month?Raw materials
purchases are paid: 30% in the month of purchase 70% in the following month?The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The estimated selling and administrative expense for February is closest to: A. $37,200 B. $70,000 C. $71,470 D. $107,200