The five keys to implementing an effective empowerment program are ______.
a. training, willingness, measurement, incentives, and managerial buy-in
b. training, focus, care, time, and procedure
c. view, method, care, time, and willingness
d. planning, preparation, focus, organizational view, and careful implementation
a. training, willingness, measurement, incentives, and managerial buy-in
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Swap transactions among commercial banks involve the conversion of one currency to another at one point with an agreement to reconvert it back into the original currency at some point in the future.
a. True b. False
Calculate the unit product cost using absorption costing when production is 200 units, 400 units, and 800 units.
McMillan, Inc. has the following cost data:
The following times in seconds were observed for a particular one-element job using the continuous method: 12, 22, 35, and 50. The worker's rating factor is 1.1. What is the standard time for the job if an allowance of 20 percent is provided?
A) fewer than or equal to 14 seconds B) greater than 14 but fewer than or equal to 15 seconds C) greater than 15 but fewer than or equal to 16 seconds D) greater than 16
Match Point, Inc. has the following overhead standards:Variable overhead: 4 hours at $8 per hourFixed overhead: 4 hours at $10 per hourThe standards were based on a planned activity of 20,000 machine hours when 5,000 units were scheduled for production. Actual data follow.Variable overhead incurred: $167,750Fixed overhead incurred: $210,000Machine hours worked: 19,800Actual units produced: 5,100Match Point's variable-overhead efficiency variance is:
A. $4,800 unfavorable. B. $550 favorable. C. $550 unfavorable. D. $4,800 favorable. E. None of the answers is correct.