An inherent problem for couples involved in a family business is that
A. conflicts in the business tend to carry over into family life.
B. hours of work may become longer for one person.
C. uneven division of labor, i.e., one person is only responsible for the menial tasks.
D. some husbands find their masculinity threatened when their wives are better managers.
Answer: A
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In selecting a sample for attribute testing, block sampling involves which of the following approaches?
a. Each item in the population having an equal chance of selection. b. Every nth item being selected after a random start. c. An arbitrary selection with no conscious bias. d. Selecting all items on a day or week.
Answer the following statements true (T) or false (F)
1. Fixed overhead volume variance is a flexible budget variance. 2. The direct materials cost and efficiency variances make up the total direct materials variance. 3. The total product cost flexible budget variance is obtained by adding direct labor efficiency variance and fixed overhead volume variance. 4. The total fixed overhead variance is the total of the variable overhead cost variance and fixed overhead volume variance. 5. When evaluating variances, exceptions can be expressed as a percentage of a budgeted amount or a dollar amount.
What changes in the business environment have necessitated a greater use of project management skills?
What will be an ideal response?
Use the information in Scenario 9.3. What is the economic order quantity for the XO-01?
A) less than or equal to 100 units B) greater than 100 units but less than or equal to 180 units C) greater than 180 units but less than or equal to 250 units D) greater than 250 units