A sole proprietor is personally liable for the debts of the business
Indicate whether the statement is true or false
TRUE
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The test of the null hypothesis is a two-tailed test if the alternative hypothesis is expressed directionally
Indicate whether the statement is true or false
The data below relate to the month of April for Monroe, Inc, which uses a standard cost system and a two-variance analysis of factory overhead: Actual hours used 16,500 Standard hours allowed for good output 16,250 Actual total overhead $53,200 Budgeted fixed costs $12,000 Budgeted activity in hours 16,000 Total overhead application rate per standard direct labor hour $ 3.25 Variable overhead
rate per standard direct labor hour $ 2.50 What was Monroe's flexible-budget variance for April? a. $1,100 favorable b. $1,100 unfavorable c. $575 favorable d. $575 unfavorable
Which of the following is NOT a level of authority?
a. authority to inform b. authority to recommend c. authority to report d. authority to delegate
When determining why an employee is not performing up to potential, a manager should use the performance formula, which is ______.
A. Performance = Ability ? Motivation ? Resources B. Performance = Ability ? Coaching C. Performance = Willingness ? Limitations ? Resources D. Performance = Motivation ? Coaching E. Performance = Motivation ? Resources