Which of the following statements is false?
a. The sales volume variance is calculated by multiplying the budgeted sales price by the difference the actual and budgeted sales volume.
b. The manager of a profit center is responsible for generating revenue but not for controlling cost.
c. The manager of an investment center is responsible for managing both revenue and current expenses.
d. The sales price variance is computed by multiplying the actual number of units sold by the difference between actual and budgeted sales price.
b
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Ryan, an employee at GoBiz Inc., is known for his short-tempered and argumentative nature. During a heated exchange at work one day, Ryan makes a derogatory gesture toward his manager, which causes Ryan to be fired. This scenario is an example of
A. involuntary turnover. B. open-door policy. C. voluntary turnover. D. revolving door policy. E. progressive discipline.
In terms of the attempt of government and industry to find sites for new waste facilities, NIMBY refers to:
A. a syndrome in which people want the wastes from their community disposed of in any place but their own. B. a national institution for the maintenance of biological and irrigational yield. C. national industrial measures for barren industrial yards. D. a national and international measurement organization which regulates environmental emissions in North American neighborhoods.
Use the information provided in Table 8.4. Adding $1,000 of Weekly Radio Advertising (X1 ) can be expected to increase Weekly Gross Revenues by what amount? (Assume all other variables are held constant.)
A) $20,500 B) $3,750 C) $6,500 D) $10,250
Taylor begins a new job as a logistics manager. His company advises him that he may need to travel internationally on occasion, so he should obtain a passport. The company reimburses Taylor for the cost of the passport. Taylor uses the passport when he vacations in Europe later in the year. What tax issues should Taylor consider?
What will be an ideal response?