In the case LafargeHolcim and ISIS in Syria, a utilitarian benefit of keeping the plant open was:
A. Employees received paychecks.
B. The local community lost jobs.
C. Worker lives were in danger.
D. Operations were under threat.
Answer: A
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Organizational buyers include manufacturers, wholesalers, retailers, and government agencies that
A. are exempt from state and local taxes. B. sell goods and services for their own use. C. purchase exclusively from one supplier. D. sell directly to ultimate consumers. E. buy goods and services for their own use or for resale.
E-commerce and e-business systems blur together at the business firm boundary, at the point at which internal business systems link up with suppliers or customers
Indicate whether the statement is true or false
Interpreting the variances is a key part of managerial accounting. For each scenario described below, indicate whether the result would be favorable or unfavorable.ScenarioFavorableUnfavorablea. The production manager finds a new supplier of direct materials. Its prices are 30% less than the current supplier. Is the effect on the direct materials price variance favorable or unfavorable???b. The standard direct materials quantity per product is 2 units. In training new personnel, additional material is often wasted. For his first two-week period, a new employee used 3 units per product. Is the direct materials quantity variance favorable or unfavorable???c. A new collective bargaining agreement among union employees guarantees a wage increase of 5%. What would the effect on the
direct labor rate variance be???d. A new hiring manager prioritizes experience over cost when hiring employees. As a result, the experienced hires produce goods more efficiently than inexperienced counterparts. What effect does this have on the direct labor efficiency variance???e. Consider the same facts as above. What effect do you think this would have on the direct labor rate variance???Now consider each scenario with sustainability metrics in mind. How might the answers change?ScenarioFavorableUnfavorablea. The production manager finds a new supplier of direct materials. Its prices are 30% less than the current supplier. Is the effect on the direct materials price variance favorable or unfavorable???b. The standard direct materials quantity per product is 2 units. In training new personnel, additional material is often wasted. For his first two-week period, a new employee used 3 units per product. Is the direct materials quantity variance favorable or unfavorable???c. A new collective bargaining agreement among union employees guarantees a wage increase of 5%. What would the effect on the direct labor rate variance be???d. A new hiring manager prioritizes experience over cost when hiring employees. As a result, the experienced hires produce goods more efficiently than inexperienced counterparts. What effect does this have on the direct labor efficiency variance???e. Consider the same facts as above. What effect do you think this would have on the direct labor rate variance??? What will be an ideal response?
To protect against hard drive failures, organizations often use redundant array of inexpensive/independent drives (RAID), in which database updates are replicated to multiple hard drives so that an organization can continue to process database updates after losing one of its hard drives. To protect against electrical power interruptions and outages, organizations use an uninterruptible power supply (UPS), which is a power source such as a battery or fuel cell, for short interruptions and a power generator for longer outages.
What will be an ideal response?