Costs, losses, and expenditures are examples of ______.
a. positive-flow payoffs
b. negative-flow payoffs
c. optimized-flow payoffs
d. reduced-flow payoffs
b. negative-flow payoffs
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The fixed overhead volume variance measures how fixed overhead is allocated when actual volume is not equal to budgeted volume. The variance measures the difference between the budgeted fixed overhead costs and the amount of fixed overhead costs allocated to the actual output.
Calculate the following variances:
a. Variable overhead cost variance
b. Variable overhead efficiency variance
c. Total variable overhead variance
d. Fixed overhead cost variance
e. Fixed overhead volume variance
f. Total fixed overhead variance
Which of the following are central to the concept of organizational politics?
a. It concerns the management of meaning as actors in these politics seek to legitimate their ideas, values and demands b. It involves denying and decrying the ideas, values and demands of those that are the opposition c. It can be seen in ‘games’ of organizational symbolism, wrapped in myths, beliefs, language and legend d. All of the above
An example of a communication barrier in the communication system is an employee who is too busy to read an important email
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The WTO is a specialized agency for the United Nations focused on the promotion of social justice and internationally-recognized human and labor rights. 2. The WTO provides a forum for negotiating and enforcing global trade agreements between participating countries. 3. For signatory countries to the WTO, quotas limiting imports are considered a trade barrier and therefore should be minimized or eliminated. 4. If a signatory country to the WTO wants to pass a law to establish higher product standards for a particular import, it must be able to produce scientific evidence supporting the need for these standards. 5. Fair trade and free trade are basically the same concepts.