Which of the following statements regarding incentive systems is FALSE?
A) Bonuses are often used at the executive levels.
B) About half of all American manufacturing firms use productivity incentives.
C) Profit-sharing systems provide some part of the profit for distribution to employees.
D) The Scanlon plan is based on individual productivity.
E) Increasing use of cross-training has led to increasing use of knowledge-based pay systems.
D
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The flexible budget variance is the difference between the:
a. flexible budget operating income and the actual operating income. b. static budget contribution margin and the flexible budget contribution margin. c. flexible budget contribution margin and the actual contribution margin. d. static budget operating income and the flexible budget operating income.
DeBruin went to CompuTown to buy an Ibex personal computer. The store was sold out but agreed to order one. This transaction is a
a. present sale. b. COD sale. c. contract to sell. d. sale on approval.
Which of the following define the 5S approach to housekeeping?
A) Shine, Standardize, Sustain, Schedule, Smooth B) Straighten, Shine, Standardize, Source, Smooth C) Sort, Straighten, Safety, Schedule, Source D) Sort, Straighten, Shine, Standardize, Sustain
The government of Argentina has taken over all the country's banks. No compensation has been paid. Some U.S. citizens and businesses had accounts in the banks. Absent treaty provisions the takeover: A) can be set aside by a U.S. federal court because no compensation was paid
B) can be partially set aside by a U.S. federal court on the accounts of U.S. citizens and businesses. C) can be reviewed by the U.S. State Department. D) is immune from review under the act of state doctrine.