If an x-bar chart is constructed using the data in Table 5.4, what conclusion can be reached?
A) The process is in control.
B) The process is out of control.
C) The process is capable.
D) The process is both capable and in control.
A
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The statement of retained earnings discloses the dividends declared during the period
Indicate whether the statement is true or false
As a salesperson, part of your job in handling a customer complaint is to do all of the following EXCEPT:
A. following up to make sure the customer is satisfied. B. expressing sincere regret for the problem. C. obtaining as much relevant information from your customer as you can. D. handling the complaint quickly. E. pointing out that they are getting better service compared to the competition.
The Maslow's need hierarchy is different from Alderfer's ERG theory in that
A. ERG theory states that various needs operate simultaneously. B. ERG theory reminds managers of the types of reinforcers that can be used to motivate people. C. ERG theory focuses on five levels of need. D. Maslow's hierarchy states that once a need is satisfied, it acts as a powerful motivator. E. Maslow's hierarchy has more scientific validity.
Consider the seven statements that follow.1. An analysis of fixed overhead will typically result in the computation of the fixed-overhead spending variance and the fixed-overhead volume variance.2. The standard rate for fixed overhead is computed by dividing a company's budgeted fixed overhead for the period by the planned manufacturing activity.3. A company uses direct labor hours to apply manufacturing overhead to units of production. If the company reports an unfavorable labor efficiency variance, that same firm might report a favorable variable-overhead efficiency variance in the same accounting period.4. The amount of actual fixed overhead for an accounting period is used to compute the fixed-overhead volume variance.5. If a company's standard hours allowed for the manufacturing
activity attained exceeds the planned manufacturing activity, the firm will report a favorable fixed-overhead volume variance.6. The amount of fixed overhead that a company has budgeted for an accounting period will increase or decrease with the actual number of units produced.7. The fixed-overhead volume variance indicates whether the level of production activity attained is higher or lower than the level originally anticipated.Required: Determine whether the preceding statements are true or false. If a statement is false, briefly explain why it is false. What will be an ideal response?