Haptics refers to the use of gestures and facial expressions
Indicate whether this statement is true or false.
FALSE
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Which of the following terms does not describe the interest rate printed on the bond certificate?
a. Coupon rate b. Effective rate c. Face rate d. Stated rate
Harvard Professor Lynn Paine proposed a “moral compass” through which managers can explore the moral dimensions of their own decisions. Which of the following statements is a “lens” included in the moral compass framework?
A. Is this decision fair to all stakeholders in the organization? B. Is the action worthwhile? C. How did the organization react to similar cases in the past? D. Do you have self-interest that might compromise your judgment?
Rogers Rods & Reels Ltd. Rogers Rods & Reels Ltd. manufactures and sells various types of fishing equipment. At the end of 2011, Rogers had estimated for the production and sale of 15,000 bass fishing rods. Each rod has a standard calling for 1.5 pounds of direct material at a standard rate of $8.00 per pound and 15 minutes of direct labor time at a standard rate of $.18 per minute. During 2012,
Rogers actually produced and sold 16,000 rods. These 16,000 rods had an actual direct materials cost of $179,200 (25,600 pounds at $7.00 per pound) and an actual direct labor cost of $44,800 (224,000 minutes at $.20 per minute). Each rod sells for $50. Refer to the Rogers Rods & Reels Ltd. information above. What is Rogers' flexible budget variance? A) $11,200 F B) $11,200 U C) $ 3,500 F D) $ 3,500 U
Which of the following compensation systems does NOT focus employee efforts on outcomes that are beneficial to both themselves and the organization as a whole?
A. Profit-sharing plans B. Employee stock ownership plans C. Hour-based pay plans D. Gain sharing plans