The cognitive condition that occurs to an individual in a work organization when the demands of the role overwhelm the person’s ability to perform the task is called?
a. role conflict
b. role ambiguity
c. role overload
d. role intention
e. role creation
Answer: c. role overload
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What is the effect on the accounting equation when a company recognizes rent as earned that had previously been received in advance from customers?
a. Expenses increase b. Revenues decrease c. Liabilities increase d. Net income increases
Royer Corporation engaged in this transaction: Purchased 30-day U.S. Treasury bill. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
a. Does not represent a cash flow b. Operating activities section c. Investing activities section d. Financing activities section
The following data is given for the Happy Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours
worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The direct labor rate variance is: A) 912U B) 912F C) 2,100U D) 2,100F
Which of the following is NOT a viable source of financing for the small business?
A) borrowing money from financial institutions B) using one's own savings C) borrowing from other individuals D) issuing bonds to the general public E) using cash generated from current sales