Which of the following invests funds into a business and is considered an owner?
a. Stockholders
b. Creditors
c. Bankers
d. Lenders
a
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Which of the following is NOT true regarding practicing your speech?
a. You should practice your delivery of everything you plan to use. b. Practice builds self-confidence. c. Practice builds comfort. d. You can practice too much.
According to the economic model of corporate social responsibility (CSR), the sole social responsibility of a business is to:
A. go beyond legal responsibilities to cater to the needs of the society. B. analyze the defects in society and design products to overcome these defects. C. fulfill the economic functions that it was designed to serve. D. think beyond economic ends that have to be met to help society.
Why is it important to send a prompt reply to customers' requests? Which is the best way for writers to achieve promptness when faced with a large volume of responses?
What will be an ideal response?
Grubber Candy Corporation has developed cost standards for the production of its new chocolate, ChocO. The variable cost standards below relate to each 10 gallon batch of ChocO: Standard Cost Per BatchMilk chocolate (2 pounds × $0.85 per pound)$1.70 Direct labor (1.25 hours × $12.00 per hour)$15.00 Variable overhead (1.25 hours × $44.00 per hour)$55.00 Variable manufacturing overhead at Grubber is applied based on direct labor-hours. The actual results for last month were as follows: Number of batches produced 3,800Direct labor-hours incurred 4,510Pounds of chocolate purchased 9,000Pounds of chocolate used in production 7,880Cost of chocolate purchased$7,200Direct labor cost$53,218Variable manufacturing overhead cost$205,700What is ChocO's labor rate variance?
A. $14,432 Favorable B. $2,880 Favorable C. $902 Favorable D. $3,782 Favorable