What is ethnocentrism?
What will be an ideal response?
Answers will vary.
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The allocation of net income and its impact on partners' equity balances should be disclosed on the
a. income statement. b. balance sheet. c. statement of partners' equity. d. work sheet.
The variable overhead efficiency variance is the difference between actual total overhead costs incurred and the total overhead costs applied using the standard overhead rates
Indicate whether the statement is true or false
Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 5,000 units. Additional information is as follows: Variable product cost per unit$15 Variable administrative cost per unit 10 Total fixed overhead 45,000 Total fixed administrative 18,000 Using the total cost method what price should Galla charge?
A. $56 B. $62 C. $47 D. $30 E. $42
New Car PurchaseZena has been promoted to vice-president at the management consulting firm she works for. Her status has led her to consider the need for a new car. Her trusty little Volkswagen Beetle had over 100,000 miles on it and no longer seemed appropriate. Susanne, another vice-president, suggested that Zena consider a car produced in the United States because the consulting firm she works for has a policy of supporting U.S. businesses. Zena began her quest for a new car by visiting several car dealers and obtaining pamphlets on the models she is considering. She also studied Consumer Reports magazine, Car and Driver ratings, and other consumer rating publications to see what the experts think. Finally, after evaluating all options, Zena decided to purchase a new Chrysler. She
believes the car is a good fit with her new image and position in her company. Now that she has purchased the car, she has seen more advertisements touting its features than she ever noticed before. She also has noticed many models of her car on the road. Zena thinks the fact that so many others are driving the same model car as hers is proof that she made a good decision.Refer to New Car Purchase. If you evaluate Zena's choice of a Chrysler based on Maslow's needs hierarchy, the car was bought to meet _____ needs. A. self-actualization B. security C. esteem D. safety E. physiological