The difference between actual variable overhead and budgeted variable overhead based upon actual hours is referred to as the variable overhead spending variance

Indicate whether the statement is true or false


T

Business

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The chart of accounts, the journal, and the ledger are essential parts of the accounting system

Indicate whether the statement is true or false

Business

Answer the following statement(s) true (T) or false (F)

11. According to Csikszentmihalyi’s Polarity of Creative Individuals, a person cannot be both disciplined and playful. 12. Creativity is something we are born with. 13. There is strong research support that people are either left-brained or right-brained. 14. Self-punishment and self-goal setting are the same behavior strategy. 15. Fear can have a detrimental effect on creativity. 16. Research suggests that when we believe in our ability to succeed in something, we are more likely to actively take the steps to make it happen. 17. If you score low on the General Self-Efficacy Scale (GSES) you are likely to put in a higher level of effort, persist with an idea, and persevere with a task more than those people who possess high levels of self-efficacy.

Business

____ is the ability to put oneself in the other person’s role and to assume the viewpoints and emotions of that person.

a. Sympathy b. Perception c. Assumption d. Empathy

Business

Functions of an insurance company's legal department include which of the following? I. Lobbying for legislation favorable to the insurance industry. II. Drafting policy provisions

A) I only B) II only C) both I and II D) neither I nor II

Business