An advertising company tries to foster as much creativity as possible. It asks for input from all employees and encourages group work where everyone can work toward a common goal they develop. Employees are not punished when ideas don’t work out. What management approach does this company practice?
A. Behavioral science approach
B. Human resources perspective
C. Traditional management practices
D. Scientific management
E. Administrative principles approach
Answer: B
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The second phase of conflict is
a. taking sides. b. showdown. c. fanning the flames. d. none of these choices.
A firm that bases its capital budgeting decisions on either NPV or IRR will be more likely to accept a given project if it uses accelerated depreciation than if it uses straight-line depreciation, other things being equal.
Answer the following statement true (T) or false (F)
Which of the following is the last step for performing due diligence?
A. Interview customers and suppliers of the business. B. Obtain sufficient capital to purchase and operate the business. C. Conduct extensive interviews with the sellers of the business. D. Study the financial reports and other records of the business.
Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 30% of the following month's sales. d.The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e.Regarding raw materials purchases, 40% are paid for in
the month of purchase and 60% in the following month. f.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g.Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h.The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated unit product cost is closest to: (Round your intermediate calculations to 2 decimal places.) A. $79.80 B. $87.80 C. $100.60 D. $20.80