A firm that has been on lifo for many years may have some inventory costs that go back ten years or more
Indicate whether the statement is true or false
T
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Answer the following statements true (T) or false (F)
1. Because decision makers have been out of school the longest, they are typically the ones who are most uncomfortable and unfamiliar with new technology. 2. The more a job deals with ambiguous and uncertain situations, the more information is needed to provide quality service product. 3. Employee empowerment to fix service failures at the point of failure reduces the need for tracking information up through management for decisions to be made later. 4. The best way to manage information is to keep it in the hands of the managers who make those decisions.
Kluber, Inc. had net income of $900,000 based on variable costing. Beginning and ending inventories were 55,000 units and 52,000 units, respectively. Assume the fixed overhead per unit was $1.25 for both the beginning and ending inventory. What is net income under absorption costing?
A. $900,000 B. $966,875 C. $903,750 D. $833,125 E. $896,250
A study conducted in a manufacturing setting examined the effects of initiating structure and consideration on follower stress levels. It found that:
a. initiating structure reduced follower stress by reducing role ambiguity and conflict, providing useful rules, and so forth b. surprisingly, consideration had no beneficial effects on stress levels c. initiating structure on average increased follower stress levels d. both “a” and “b”
Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that
A. agrees to produce goods at Retail Mart's desired price. B. goes unnoticed by "corporate watch" groups. C. exploits its workers. D. pays its workers less than the U.S. minimum wage.