Which of the following statements is true regarding decentralization?
A. Decentralization increases the complexity of problems.
B. Decentralization limits fast responses to business changes.
C. Managers in a decentralized organization have less knowledge about local business advantages.
D. Decentralization allows managers to receive on-the-job training in decision-making.
Answer: D
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In Birdsong v. Apple, Inc., Birdsong brought a class action suit against Apple, alleging that iPod owners had suffered hearing loss using the iPod earbuds set at the highest decibel level. Birdsong claimed Apple breached an implied warranty of merchantability. The court held
A. In favor of Birdsong because the iPod earbuds were not fit for the purpose of listening to music because they could cause hearing damage. B. In favor of Birdsong because Apple did not provide a suitable disclaimer. C. In favor of Apple because the ordinary use of the iPod was to listen to music and the product was fit for that use. D. In favor of Apple because class actions are not applicable in a warranty situation.
Strangers standing at a bus stop are known as a(n) ______.
A. small group B. socioemotional group C. aggregate D. organizational group
Which of the following is a requirement for a corporation to be labeled a B Corporation by B Lab?
a. at least 120 points scored on a 200-point ethics scale b. written plans to take shareholder interests into account c. written plans to take stakeholder interests into account d. no detected problems in the company’s history, as determined through a background check
Pearl Inc incurred overhead costs of $65,000 in May, 2014. The overhead applied on the basis of direct labor hours for May was $90,000. The company worked for 500 hours in the month. What is the predetermined overhead rate per direct labor hour?
A) $130 per direct labor hour B) $180 per direct labor hour C) $1.38 per direct labor hour D) $500 per direct labor hour