When using an object-oriented approach to software development we create models using ________, their relationships, and their interactions
A) programs
B) system analysts
C) objects
D) project mangers
C
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The amount by which cost exceeds market value is considered a loss due to holding inventory and normally is charged to an account such as Loss on Write-Down of Inventory
a. True b. False Indicate whether the statement is true or false
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the variable overhead spending variance. A) $10,000 (F) B) $10,000 (U) C) $40,000 (F) D) $40,000 (U)
Which of the following best captures the type of decisions that are made at the strategic marketing level?
a. Identify six strong market segments and pursue all equally. b. Develop a position statement that clearly illustrates the value proposition for the product and identify target markets accordingly. c. Quickly secure advertising spots in the journals with the highest readership. d. Decide to price the product using the cost-pricing method. e. Collect market research to identify key trade shows.
Answer the following statements true (T) or false (F)
An organization that allows its employees to exercise their voice in the workplace using democratic principles similar to those that are commonly accepted in a democratic society is one that exercises industrial democracy. The concept of employee voice suggests that employees should have the right to express their opinions in the workplace but only if they are consistent with the majority of employees or with the employer's perspective. While voice and equity are important to the employment relationship, efficiency is really the critical component. If an employer can be efficient, equity and voice will naturally follow. In the U.S., an employer has a right to own property and make a profit but society has the right to place limitations and restrictions on how those profits are made. Conflicts between what the employee wants and what the employer wants are generally resolved privately between the individual and his/her employer.