____ utility is the only type of utility created by the production process.
A. Form
B. Time
C. Production
D. Place
E. Possession
Answer: A
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Which research, though flawed, drew attention to the idea that managers using good human relations could improve worker productivity?
A. Maslow's hierarchy of human needs B. Operations research C. Theory Y D. Fayol's administrative management E. The Hawthorne studies
Men use dialogue to convince the other party that their position is the correct one, and to support various tactics and ploys that are used to win points during the discussion.
Answer the following statement true (T) or false (F)
Lightning Semiconductors produces 400,000 hi-tech computer chips per month. Each chip uses a component that Lightning makes in-house. The variable costs to make the component are $1.30 per unit, and the fixed costs are $1,300,000 per month. The company has been approached by a foreign producer who can supply the component, within acceptable quality standards, for $1.20 each. The fixed costs are unavoidable, and Lightning would have no other use for the facilities currently employed in making the component. What would be the effect on operating income if the company decides to outsource?
A) There would be no effect on operating income. B) Lightning Semiconductors could save $1,300,000 per month in costs. C) Lightning Semiconductors could save $40,000 per month in costs. D) Lightning Semiconductor's costs would increase by $480,000 per month.
Answer the following statement(s) true (T) or false (F)
1. Contributions to defined contribution plans are based solely on the amount that will eventually be paid out to the participant, not on the income or profits of the corporation. 2. Defined benefit plans establish an individual account for each participant. 3. A favorable determination letter issued by the Internal Revenue Service states that the plan has been reviewed and that it complies with the requirements for a qualified plan. 4. Inventions and patents are always the property of the employer. 5. A restrictive covenant found in an employment agreement that restricts the divulgence of trade secrets loses its effect once the trade secret becomes common knowledge.