Which of the following is a feature of capitalism?
A. The system works toward improving the lot of theworking class at the expense of the super-rich.
B. Private-sector businesses are not free tohire and fire at their discretion.
C. The government owns and operates key enterprises that directly affect public welfare.
D. Private-sector businesses are free to make their own choices regarding what they will produce.
Answer: D
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For a change effort to be sustained, it is important that the new ways of behaving are reflected in the ______.
a. status quo b. culture c. coalitions d. ice
The formula for calculating the amount of applied overhead to a product is:
A) Predetermined overhead rate x Estimated units of cost driver B) Predetermined overhead rate x Actual overhead costs C) Predetermined overhead rate x Actual units of cost driver D) Predetermined overhead rate x Estimated overhead costs
Sequential processing happens when:
a. the product has to be processed at the same time across departments. b. several products have to be manufactured in the same plant. c. the product has to go through one process before moving on to the next one. d. the product has to be processed in more than one department at a time. e. None of the answers are correct.
A swim club is designing a new pool to replace its old pool. The new pool would need to last for 10 years since the club is planning on relocating after 10 years. A concrete shell would cost $100,000 and last for all 10 years
Another option is to install a vinyl liner that would cost only $75,000 to install. However, the vinyl is not guaranteed to last for all 10 years, and it has a 33% chance of breaking down. Repair of the vinyl would cost $40,000 and would extend the life of the vinyl liner to the 10-year mark. If both options are acceptable to the swim club, which one minimizes their cost?