The essence of the classical viewpoint is that
A. resources are limited.
B. a rational approach can be used to boost productivity.
C. people are self-interested.
D. people will take on responsibility if it is offered to them.
E. workers behave how you expect them to.
B. a rational approach can be used to boost productivity.
The essence of the classical viewpoint is that work activity is amenable to a rational approach, that through the application of scientific methods, time and motion studies, and job specialization it is possible to boost productivity
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Interest costs are included in the cost of an asset in conjunction with
A) long-term assets being purchased. B) long-term assets acquired for speculative purposes. C) long-term assets being constructed. D) natural resources and intangible assets.
Vijay enters into a contract to sell his laptop to Winnie. Winnie takes possession of the laptop as a minor and continues to use it well after reaching the age of majority. Winnie has? A)?expressly ratified the contract
B)?impliedly ratified the contract. C)?disaffirmed the contract. D)?none of the choices.
To test a hypothesis a researcher needs to go through a process that comprises three steps; which option is not one of them?
a) Constructing a hypothesis b) Gathering appropriate evidence c) Analysing evidence to draw conclusions as to its validity d) Reporting results only if the hypothesis is true
Weissman Corporation manufactures two products: Product E16S and Product P17K. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products E16S and P17K.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$220,00011,000MHsMachine setupsNumber of setups$240,000400setupsProduct designNumber of products$74,0002products??Order sizeDirect labor-hours$270,00010,000DLHsActivity MeasureProduct E16SProduct P17KMachine-hours7,0004,000Number of setups270130Number of products11Direct labor-hours3,0007,000Using the ABC system, the percentage of the total overhead cost that is assigned to Product
E16S is closest to: A. 10.07% B. 50.00% C. 52.24% D. 42.16%