Consensus decision making is:
a. Small group makes the decision
b. When everyone has to come to an agreement
c. Everyone gets a vote and majority rules
d. Decision is made by one person
Answer: b. When everyone has to come to an agreement
You might also like to view...
James Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard 5 pounds per product Direct labor time standard 3 hours per product Direct materials price standard $9 per pound Direct labor rate standard $8 per hour Standard variable overhead rate $10 per labor hour Standard
fixed overhead rate $11 per labor hour Using the above information provided for James Corporation, the standard overhead cost for each unit is A) $45. B) $33. C) $30. D) $63.
Which of the following would be most useful if a firm has an immediate objective to achieve?
A) public relations activities B) sales promotions C) out-of-home media D) sponsorships E) product placement
In a factory with several processing departments, a single factory overhead rate may not provide accurate product costs and effective cost control
Indicate whether the statement is true or false
Presentment is excused where the acceptor is undergoing bankruptcy
Indicate whether the statement is true or false