According to the textbook, the concept of power is inextricably linked with which Management concept?
a. Leadership
b. Motivation
c. Social intelligence
d. Teamwork
a. Leadership
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Smith, Jones, and Brown incorporated a company called Yakima Ltd. The three were the only shareholders, directors, officers, and employees. Jones and Brown disliked working with Smith
They knew he was good for the company, but they disliked his personality and politics. After a year, Jones and Brown, as directors, removed Smith as an officer and employee and raised their own salaries as employees. They then voted Smith out as a director at the next shareholders' meeting. Which of the following provisions of the Corporations Act would aid Smith? A) Shareholder oppression B) Pre-emptive rights C) Indoor management rule D) Derivative action E) Dissent procedures
Consider the Demand for Microwave Ovens dataset. What is the total demand corresponding to random numbers 69, 79, 84, 6, 37, and 39?
a. 13
b. 9
c. 10
d. 11
Raycroft Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:?Activity cost pool:Time-driven activity rate (cost per unit of activity) ?Processing Orders$7.00?Resolving Queries$7.70?Processing Credit Reviews$14.00?Cost Object Data:Customer JCustomer KCustomer L?Number of orders processed31174?Number of queries resolved20107?Number of credit reviews processed101Required:Using time-driven activity-based costing, determine the total Customer Service Department cost assigned to each customer.
What will be an ideal response?
Mangrum Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. Information concerning the direct labor standards for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect labor0.70hours$21.50per hour 15.05During the year, the company assigned direct labor costs to work in process. The direct labor workers (who were paid in cash) worked 12,790 hours at an average cost of $19.50 per hour. The company calculated the following direct labor variances for the year:Labor rate variance$25,580FLabor efficiency variance$6,450FAssume that all transactions are recorded on the below
worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,130,000$23,940$0$87,870$526,400=$0$0?Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,768,210When recording the direct labor costs, the Cash account will increase (decrease) by: A. ($281,435) B. $249,405 C. ($249,405) D. $281,435