Answer the following statement(s) true (T) or false (F)
1. The balanced scorecard is a means of measuring strategic organizational performance that gives managers a chance to look at their company from the perspectives of stakeholders, including external customers, employees, and shareholders.
2. The Civil Rights Act, Title VII, is the 1964 federal legislation prohibiting illegal discrimination in employment based on individuals’ race, sex, religion, or national origin.
3. Equal employment opportunity (EEO) is the condition in which all individuals have an equal chance for employment, regardless of their race, color, religion, sex, age, disability, or national origin, as established in federal legislation and the U.S. Constitution and its Amendments (13 and 14).
4. The Family and Medical Leave Act (FMLA) is the federal legislation that requires organizations with 50 or more employees to provide up to 12 weeks of paid leave after childbirth or adoption, to care for a seriously ill family member, or for an employee’s own serious illness.
5. The Occupational Safety and Health Act (OSHA) is a law that authorizes the federal government to establish and enforce occupational safety and health standards for all places of employment affecting interstate commerce.
1. True
2. True
3. True
4. False
5. True
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The amount recognized on the Income Statement as the cost of inventory will be recognized as a(n) _________________________
Fill in the blank(s) with correct word
A company is planning to introduce a new portable computer to its existing product line. Management must decide whether to make the computer case or buy it from an outside supplier. The lowest outside price is $90. If the case is produced internally, the company will have to purchase new equipment that will yield annual depreciation of $130,000. The company will also need to rent a new production facility at $200,000 a year. At 20,000 cases per year, a preliminary analysis of production costs shows the following: Per case Direct materials $ 40.00Direct labor 32.00Variable overhead 10.00Equipment depreciation 6.50Building rental 10.00Allocated fixed overhead 7.50 Total cost $106.00 Required:(1) Determine whether the company should make the cases or buy
them from the outside supplier.(2) What other factors, besides cost, should the company consider? What will be an ideal response?
At midyear, Barbara, the manager of a store, realizes that the new outlet mall with 300 stores down the street is taking much of the sales away from her store, so she will need to revise the sales goals of her sales associates. Barbara is in what stage of the MBO process?
A. One B. Two C. Three D. Four E. Five
The various firms involved in performing the activities required to create and deliver a product or service to ultimate consumers or industrial users is referred to as
A. value chain optimization. B. a supply chain. C. strategic distribution. D. logistics. E. distribution management.