In general, budget variances should not be used to single out managers for praise or punishment.
Answer the following statement true (T) or false (F)
True
In general, variances should not be used to praise or punish managers. The purpose of identifying variances is to help management improve efficiency and productivity. If variances are used to assign rewards and blame, managers are likely to respond by withholding or manipulating information.
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Which of the following is an example of an extraordinary repair?
A. Replacement of all florescent light tubes in an office. B. Routine machine maintenance. C. Replacing the roof on a manufacturing warehouse. D. New tires for a truck. E. Carpet cleaning and repair.
Kevin has to provide some important information through an e-mail to a senior manager, Jack. Since Kevin is a new employee and Jack works from the company's headquarters, he does not know Jack personally. Which of the following greetings is the most appropriate in the email?
A. Dear Senior Manager B. To Jack C. Mr. Jack D. Hi Jack
The __________ is composed of a distinguished group of lawyers, judges, and law teachers who assumed the task of preparing "an orderly restatement of the general common law of the United States."
a. New York City Bar b. American Law Institute c. National Conference of Commissioners on Uniform State Laws d. National Reporter System
Maureen is injured on the job and has to retire. Before her retirement, Maureen earned $20,000 in wages. After her retirement, her employer pays her $5,000 for vacation time that accrued before she was injured. In addition, she receives $10,000 to compensate her for sick pay from an accident and health insurance plan that was paid by her employer. How much of the above payments should Maureen include in her gross income?
A. $10,000 B. $20,000 C. $25,000 D. $30,000 E. $35,000