Joe the Manager (Scenario)As a production supervisor, Joe decides on Friday afternoon how many units of output his employees should produce. He also decides which employee will operate which machine. On Monday, he informs his employees of their assignments to specific machines by handing out assignment sheets. He tells the employees that the schedule is going to be difficult this week due to the increased number of units that have to be produced. He goes on to tell them that he is sure they can fulfill the schedule because they are such good and skilled employees. Each day during the week, Joe checks the amount of output that the employees have completed and the number of units that have been rejected.When Joe decides as to how many units of output his employees should produce, he is
performing which of the following management functions?
A. controlling
B. leading
C. planning
D. organizing
Answer: C
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________ is defined as the official layout of the planned marketing research activity for management. It describes the research problem, the approach, the research design, data collection methods, data analysis methods, and reporting methods
A) Research design B) The critical path method C) The marketing research proposal D) The marketing research problem
Fixed overhead does not depend on production volume, therefore activity levels are not used in the calculation of:
a. budget variance. b. efficiency variance. c. usage variance. d. price variance.
Mungo Pet Supplies makes cat trees for several pet store chains. They order rolls of carpet (used to cover the trees) from a supplier. Mungo’s management has decided to use an EOQ model. The annual demand for carpet is estimated to be 1,000 rolls. The purchase price per roll is $20 and estimated inventory carrying cost rate is 25%. The cost to place an order from the supplier is $30. What is the optimal order quantity?
a. 54.7 b. 1000 c. 109.5 d. 500
The act of state doctrine is the traditional device used by courts to determine the choice of law
Indicate whether the statement is true or false