________ is the set of values and the norms of behavior which are approved or sanctioned by a particular society.
A. Social structure
B. National culture
C. Social stratification
D. Cultural pluralism
E. Organizational culture
Answer: B
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A company that is producing goods domestically and sells them outside the country is involved in
A. countertrading. B. outsourcing. C. importing. D. exporting. E. franchising.
Lopar Company uses a predetermined overhead rate based on direct labor dollars. Lopar Company estimated that its 2010 overhead would total $938,000 and that 2010 direct labor costs would be $670,000 . During 2010, actual overhead costs were $960,000, and actual direct labor costs were $700,000 . By how much was Lopar's overhead over- or underapplied?
a. $20,000 overapplied b. $20,000 underapplied c. $18,000 overapplied d. $10,000 underapplied
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000 in expenses for the year. Liabilities at the end of the year totaled $92,000. What are the total assets of the company at the end of the year?
A. $92,000. B. $210,000. C. $45,000. D. $282,000. E. $98,000.
Every successful company uses __________ to put its plans into effect: evaluate, correct, and reward.
Fill in the blank(s) with the appropriate word(s).