The labor rate variance measures the difference between the actual hourly rate and the standard hourly rate, multiplied by the standard hours allowed for the actual output.
Answer the following statement true (T) or false (F)
False
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Which of the following elements is NOT true regarding a confession?
a. The confession can be changed in ink, with everyone's initials. b. A written confession must be completely voluntary. c. A written confession must contain elements of the fraudster's intent. d. A written confession should be drafted by the confessor.
To make it easy for an audience to follow instructions, ________
A) put the directions at the start of your message B) use bullets instead of numbers if the sequence or order of steps is important C) include only one action per step D) identify the condition at the end of each step if an instruction is conditional E) place the explanation before the action if a step requires explanation
Residual income:
A) is most useful as a way to compare individual divisions of different sizes. B) is the amount of income earned in excess of a predetermined minimum rate of return on assets. C) should not be used as a way to evaluate the manager of an investment center. D) is often called economic value added (EVA).
Vivian goes to an auction and sees a rare antique lamp that is an identical match to one she already has. At the proper time she bids on the lamp and is the highest bidder. Even though she is the highest bidder, the auctioneer refuses to accept her bid and withdraws the lamp from the auction. Can the auctioneer do that?
a. Unless otherwise stated, the auctioneer had the right to withdraw the item before the fall of the hammer. b. Generally, the auctioneer must sell to the highest bidder. Vivian will get the lamp. c. Generally, the auctioneer is the offeror and the bidders are the offerees so there is a contract and Vivian will get the lamp. d. Most auctions are without reserve and therefore the auctioneer cannot withdraw the lamp.