A disadvantage of organizing a family business into a corporation and hiring professional managers is the:
A. concentration of power in small cliques.
B. unfair treatment of employees.
C. increasing sense of unwanted "personal touch."
D. loss of family time for other purposes.
Answer: A
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Which of the following is always involved in planned bankruptcies?
a. Setting up a new company whose purpose is to help the perpetrator carry out the scheme b. Purchasing inventory in increasing amounts on credit c. Planning a bankruptcy with the creditors before a loan is made d. The perpetrator skipping town when the bankruptcy is filed
[The following information applies to the questions displayed below.]Wall Nuts, Inc. produces paneling that requires two processes, A and B, to complete. Oak is the best-selling of all the many types of paneling produced. Information related to the 40,000 units of oak paneling produced annually is shown in the following table:Direct materials$380,000 Direct labor Department A (6,000 DLH × $25 per DLH)$150,000 Department B (35,125 DLH × $16 per DLH)$562,000 Machine Hours Department A 24,000MHDepartment B 32,000MH Wall Nuts' total expected overhead costs and related overhead data are shown below. Department ADepartment BDirect labor hours 67,000DLH 170,000DLHMachine hours 100,000MH 80,000MHManufacturing overhead costs$450,000 $600,000 Use the data for Wall Nuts,
Inc. to compute departmental overhead rates based on machine hours in Department A and machine hours in Department B. A. $7.50 per MH in Dept. A; $7.50 per MH in Dept. B. B. $4.50 per MH in Dept. A; $4.50 per MH in Dept. B. C. $2.70 per MH in Dept. A; $6.00 per MH in Dept. B. D. $4.50 per MH in Dept. A; $7.50 per MH in Dept. B. E. $0.60 per MH in Dept. A; $0.80 per MH in Dept. B.
With respect to the criteria used to determine the number of levels of work and differentials, ________ refers to the worth of the work: its relative contribution to the organization objectives.
A. contribution B. content C. endowment D. value E. return
Which of the following statements is FALSE? In nuisance law
A) the harm can be minimal and reasonable but still result in the defendant being liable B) the government can sue if it is a public nuisance C) picketing by workers can be considered a nuisance in some situations D) the court will consider the importance of the activity complained of E) the court will consider the nature of the area and the duration of the activity