Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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True/False True 1. Empowerment is letting others make decisions and exercise discretion in their work. True 2. Given a clear mission‚ core values‚ objectives and strategy‚ organizing begins the process of strategy implementation by clarifying jobs and working relationships. False3. In the management process of organizing‚ the strategic leadership challenge is to choose least expensive organizational form to fit the strategy of the organization. True4. An organization’s ability to implement its
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Week 1 Quiz. Two points each 1. In a corporation‚ the Chief Financial Officer (CFO) usually reports to the: a. Treasurer b. Controller c. Chief Operating Officer (COO) d. VP of Financial Planning 2. The primary factor that separates the corporate form of business from partnerships and sole proprietorships is: a. Corporations are larger than partnerships and sole proprietorships b. The owners of the corporations get to keep all of the profit c. The owners of corporations run the business and
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that which could have been prevented by actions like a pay raise or a new job assignment. True False 3. An employee’s perceived desirability of movement can depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit depends on the desirability of leaving‚ ease of leaving‚ and alternatives available to the employee. True False 5. Employees who have a high intention to quit necessarily end up quitting their jobs.
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Chapter 1 Quiz 1. Which of the following laws has as one of its major provisions the establishment of the minimum wage? a. Fair Employment Laws b. Federal Unemployment Tax Act c. Federal Insurance Contributions Act d. Social Security Law e. Fair Labor Standards Act 2. Which of the following acts covers employee pension and welfare plans? f. Age Discrimination in Employment Act g. Employee Retirement Income Security Act h. Family and
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Text Discussion Questions and Exercises: • Chapter 15: Discussion Question 9. How do variable costs and fixed costs differ? Give an example of each. Fixed costs are costs that will be the same for the next year. In my Construction Business fixed costs are office rent‚ office utilities‚ advertising costs‚ etc. In a year‚ these costs can be known ahead of time and won’t need to change even if my company does more work. Variable costs are costs that can rise or fall depending on how much work I
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Description | You will have three hours to take this quiz. It is from Chapter two in your text book. | Instructions | | Timed Test | This Test has the time limit of 3 hour. You are notified when time expires‚ and you may continue or submit. Warnings appear when half the time‚ 5 minutes‚ 1 minute‚ and 30 seconds remain. | 9 | Not allowed. This Test can only be taken once. | Force Completion | This Test can be saved and resumed later. | Remaining Time: 1 hour‚ 54 minutes‚ 15 seconds.
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This assignment is based on an Earned Value analysis performed by a cost account manager‚ who has received a variance report (given below) from a performance measurement system. I have calculated the appropriate variances and included corrective measures for each of them. REPORT Variances are calculated as follows: CV (cost variance) = BCWP – ACWP SV (schedule variance) = BCWP - BCWS TASK A B C D E ACWP $22‚550 $32‚000 $16‚000 $10‚000 $23‚000 BCWP $25‚000 $30‚000 $15‚000 $17‚000 $24
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DQ 1 What is the difference between managers and leaders? Is it possible to be an effective manager but not an effective leader? Provide examples. Managers and leaders can have the same goal set yet their approach of getting to that goal can be very different. Managers are system and structure focused having legitimate power based upon their position. Whereas the leader focuses on the people involved‚ achieving power by the respect that they earn. Leaders achieve their goal by motivating the people
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Question Your Answer Which of the following terms means releasing‚ transferring‚ or providing access to protected health information? Incorrect Selection: Confidentiality Which of the following is information that is shared within a protected relationship? Incorrect Selection: Protected Privacy Dr. Josef is recording his dictating notes in the emergency room and you hear him mention that the patient in the next room is a victim of domestic violence. Which of the following describes your
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