People in countries with _______________, such as Mexico and Singapore are more likely to accept the idea of hierarchy and depend on those with power to make the decisions.
What will be an ideal response?
High power distance
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When a message meets the audience's needs and gets the point across, it is considered to be what?
A) Timely B) Effective C) Efficient D) Detailed E) Verbal
Answer the following statements true (T) or false (F)
1. For a service company, such as an accounting firm, each client is considered a job. 2.Unlike manufacturing companies, service companies use an allocation base for allocating both direct and indirect costs. 3. Process costing rather than job order costing is more appropriate for service companies.
An automatic warranty provided by a seller or lessor who is a merchant that regularly deals in goods of the kind sold or leased which warrants that the goods are delivered free of any third-party patent, trademark, or copyright claim is known as
________. A) warranty of no security interests B) warranty against infringements C) warranty of good title D) warranty of no interference
The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A and on machine-hours in Dept. B. At the beginning of the year, the Corporation made the following estimates: Dept. ADept. BDirect labor cost$60,000$40,000Manufacturing overhead$90,000$45,000Direct labor-hours 6,000 9,000Machine-hours 2,000 15,000 What predetermined overhead rates would be used in Dept. A and Dept. B, respectively?
A. 67% and $5.00 B. 150% and $3.00 C. 67% and $3.00 D. 150% and $5.00