Who are special groups? What are the characteristics that special groups share?
What will be an ideal response?
Special treatment, either in the form of add-on packages not received by other employees or in the form of compensation components entirely unique in the organization, tends to focus on a few specific groups. The text argues that special groups share two characteristics. First, special groups tend to be strategically important to the company. If they don't succeed at their jobs, success for the whole organization is in jeopardy. Second, their positions tend to have built-in conflict, conflict that arises because different factions place incompatible demands on members of the group.
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The static budget, at the beginning of the month, for Wadsworth Company follows:
Static budget: Sales volume: 2000 units; Sales price: $50.00 per unit Variable costs: $14.00 per unit; Fixed costs: $25,100 per month Operating income: $46,900 Actual results, at the end of the month, follows: Actual results: Sales volume: 1900 units; Sales price: $58.00 per unit Variable costs: $16.5 per unit; Fixed costs: $34,000 per month Operating income: $44,850 Calculate the flexible budget variance for operating income. A) $3600 U B) $3600 F C) $1550 F D) $15,200 F
Aviatrix Avionics makes three types of radios for small aircraft—Model A, Model B, and Model C. The manufacturing operations are mechanized, and there is no direct labor. Manufacturing overhead costs are significant, and Aviatrix has adopted an activity-based costing system. Direct materials costs per unit for each model are as follows:
Model A $28
Model B $30
Model C $38
Aviatrix has three activities—assembly, materials management, and testing. The cost driver for assembly is machine hours. The cost driver for materials management is the number of parts, and the cost driver for testing is the number of units of product. Total costs and production volumes for the year were estimated as follows:
The Model A radio requires 12 parts to construct and 18 machine hours of processing. What is the manufacturing cost to make one unit of Model A? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $167
B) $55
C) $145
D) $173
Lars is reviewing the past 10 years of Acme Global’s production levels and comparing those to how many workers were in the organization. He plans to use the information to create a chart of how many workers are needed for different production levels. The process in which Lars is engaged is ________.
A. qualitative forecasting B. ratio analysis C. trend analysis D. regression analysis E. skill analysis
Under the modern traditional theory, the sovereign may nationalize foreign-owned property only where: A) it is for a public purpose
B) the foreign firm that owned the property was operating it unprofitably. C) a communist government takes over the country. D) the foreign firm has continuously violated the laws of the host country.