Which of the following terms is defined as the degree to which a person accomplishing a task receives information about performance from performing the task itself?
A. horizontal complexity
B. vertical complexity
C. task feedback
D. task autonomy
Answer: C
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The Triffin paradox suggests that
A. the U.S. dollar could never be a reserve currency. B. eventually, reserve currencies will run deficits, which will lead to lack of confidence in the currency. C. the more a currency is held in reserves, the stronger it is. D. reserve currencies can never run deficits.
Without authorization, Rolf contracts on behalf of Sari to have Tige paint the interior and exterior of Sari's house. Sari ratifies the contract. Later, Sari tries to rescind the part of the contract relating to the exterior. This attempt will be
A. partly successful. B. partly unsuccessful. C. totally successful. D. totally unsuccessful.
If one Swiss franc can purchase 0.85 U.S. dollar, how many Swiss francs can one U.S. dollar buy?
A. 1.0471 B. 1.1765 C. 1.0706 D. 1.3294 E. 1.2706
Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit$91 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$7Variable manufacturing overhead$3Fixed manufacturing overhead per year$480,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$84,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year12,00010,000Units sold during the year9,00010,000Units in ending inventory3,0003,000 The net operating income (loss) under variable costing in Year 2 is closest to:
A. $80,000 B. $620,000 C. $680,000 D. $56,000