Answer the following statement(s) true (T) or false (F)
1. Feedback leads to the psychological state of “experienced meaningfulness of work” according to the job characteristics model.
2. Job simplification makes jobs more specialized.
3. Qualitative forecasting uses mathematics to forecast future events based on historical data.
4. If you forecast correctly, you should not have to carry out layoffs very often.
1. False
2. True
3. False
4. True
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When a bank pays interest or collects an amount owed to a company by one of the bank's customers, the bank issues a debit memorandum
a. True b. False Indicate whether the statement is true or false
Which of the following statements regarding the statement of cash flows is true?
a. The statement of cash flows analyzes the changes in consecutive balance sheets in conjunction with the income statement. b. The statement of cash flows is organized as cash inflows less cash outflows. c. The statement of cash flows analyzes only the changes in current assets and current liabilities. d. The statement of cash flows is an optional financial statement.
The data below relate to the month of April for Monroe, Inc, which uses a standard cost system and a two-variance analysis of factory overhead: Actual hours used 16,500 Standard hours allowed for good output 16,250 Actual total overhead $53,200 Budgeted fixed costs $12,000 Budgeted activity in hours 16,000 Total overhead application rate per standard direct labor hour $ 3.25 Variable overhead
rate per standard direct labor hour $ 2.50 What was Monroe's flexible-budget variance for April? a. $1,100 favorable b. $1,100 unfavorable c. $575 favorable d. $575 unfavorable
Job cost sheets include both product and period costs.
Answer the following statement true (T) or false (F)