Busi 342 exam 4 | Management homework help

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Question 1

Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies that _____.

she can transfer her entire pension fund balances to a new employer’s plan if she moves to a new company

she will receive the funds her employer has contributed to the retirement plan only if she is a member of the company while retiring

she will receive the maximum amount of pension available under her company’s retirement plan when she retires

she will receive the amounts contributed by both the employer and herself when she retires

2 points

Question 2

According to the Patient Protection and Affordable Care Act, enrollment in health coverage is mandatory for every citizen.

True

False

2 points

Question 3

Workers cannot be asked to make financial contributions for coverage under workers’ compensation programs.

True

False

2 points

Question 4

Which of the following is a legally-required employee benefit that employers must provide?

Unemployment compensation

Public-service leave

Education assistance

Wellness programs

2 points

Question 5

The Health Insurance Portability and Accountability Act (HIPAA) _____.

requires employers to offer health coverage to contingent workers if the workers pay 50% of the employer’s cost

states that employers must offer extended health care coverage to employees even after they leave the organization

requires employers with more than 50 employees to provide medical insurance for all full-time employees

allows employees to switch health insurance from one company to another to get new health coverage, regardless of preexisting conditions

2 points

Question 6

Kenneth, a programmer in the customer service department, took _____ when his father died.

paternity leave

bereavement leave

sick leave

jury leave

2 points

Question 7

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

True

False

2 points

Question 8

The Worker Adjustment and Retraining Notification Act (WARN) of 1988 _____.

requires employers to give 30 days’ notice of mass layoff or plant closings

mandates the payment of severance pay to employees

requires employers to give 20 days’ notice of mass layoff or plant closings

does not mandate the payment of severance pay to employees

2 points

Question 9

Increases in employer expenditures for benefits are growing faster than increases in wages for employees.

True

False

2 points

Question 10

Which of the following statements is true of part-time employees?

Most employers in the United States do not provide any part-time employee benefits, except some paid time off.

Part-time employees typically make no effort to attain benefits because they are covered by their spouse’s or parents’ insurance policies.

Anti-discrimination laws enable part-time employees to receive the same benefits as full-time employees are offered.

Most employers provide part-time employees medical benefits, but no time-off benefits because these employees already work on a short schedule.

2 points

Question 11

OSHA rules and standards are frequently complicated and technical, which makes it difficult for managers who do not have specialists on their staffs to read and understand the rules.

True

False

2 points

Question 12

The Occupational Safety and Health Review Commission (OSHRC) has been established to address disputes between OSHA and employers that have been cited by OSHA inspectors.

True

False

2 points

Question 13

Emotional illnesses such as schizophrenia and depression are considered disabilities under the ADA.

True

False

2 points

Question 14

The Occupational Safety and Health Act provides for on-the-spot inspections by OSHA representatives

True

False

2 points

Question 15

Which of the following statements is true of disaster planning?

Conducting simulations is a mandatory part of organizational assessment in disaster planning.

Having backup databases is a key consideration of human impact planning.

Disaster training is usually conducted by the OSHA’s compliance inspectors.

Terrorism is generally not considered in disaster plans since it is not a natural calamity.

2 points

Question 16

Which of the following is considered a safe job for workers under the age of 18 years?

Cab driving

Excavation operations

Roofing operations

Newspaper delivery

2 points

Question 17

Sam, a product development manager, and his team are in the process of designing ergonomic desks that would help the employees in their organization work effectively without any discomfort or physical ailments. Which of the following approaches is being used by Sam’s organization for safety management?

The individual approach

The systems approach

The organizational approach

The engineering approach

2 points

Question 18

Which of the following is an immeasurable cost associated with accidents in an organization?

Reduced work group efficiency

Negative influence on employees’ group morale

Damage to work equipment

Time lost because of faulty or offline equipment

2 points

Question 19

Concerns regarding pandemic diseases have led OSHA to establish special guidelines for the poultry production industry because of the _____.

number of employees working in this industry

high rate of violence among the workers

industry’s contribution to the import business

high vulnerability of the employees of this industry

2 points

Question 20

The provision of restricted-duty work to disabled people is an attempt by the ADA to increase the rate of employment among the disabled in the United States.

True

False

2 points

Question 21

Rachel manages a team of ten designers in an advertising agency. She encourages all her subordinates to directly approach her and speak with her at any time of the day regarding issues they may be facing at work. On the basis of the given information, we can conclude that Rachel _____.

has established an arbitration system

acts as an ombudsman in her company

encourages external whistle-blowing

practices an open-door policy

2 points

Question 22

Discipline is a process of corrective action that enforces organizational rules.

True

False

2 points

Question 23

Employers should avoid informing employees if employee activities are being monitored so as to attain undiluted results.

True

False

2 points

Question 24

An agreement in which an employee who is being terminated agrees not to sue the employer in exchange for specific benefits is called a _____.

non-enforceable contract made under duress

severance contract

yellow-dog contract

separation agreement

2 points

Question 25

The final stage of both the progressive and the positive approaches to discipline is _____.

termination

suspension

mediation

counseling

2 points

Question 26

Organizational newsletters, company magazines, and email announcements are examples of upward communication within a company.

True

False

2 points

Question 27

Which of the following is true of the rights of an employee?

For the rights of an employee to exist, they must be contained in a formal employment contract that the employee has signed.

For the rights of an employee to exist, they must be spelled out at the time of appointment.

Moral rights of the employees are typically the result of specific laws or statutes passed by federal, state, or local governments.

An employee’s contractual rights are based on a specific contract with an employer.

2 points

Question 28

Claudia, when selected as a senior engineer by her company, is promised that she would start working on live projects within three months from her joining date. She signs a contract stating that she would give three months’ notice before quitting the job. Which of the following statements is true of the given scenario?

Claudia has an implied contract with the company.

The supervisor cannot be challenged in a court.

The supervisor has violated an employment law by making a promise.

Claudia is an at-will employee.

2 points

Question 29

The Privacy Act of 1974 applies only to federal agencies and to organizations supplying services to the federal government.

True

False

2 points

Question 30

_____ typically provide specific customary methods to employers for handling activities.

Procedures

Yellow-dog contracts

Code of conduct

Policies

2 points

Question 31

During a contract negotiation, the management of RMS, Inc. and its employee union fail to reach an agreement on an issue related to night shift pay scales. A neutral third party is called in to actively work with both sides and help them reach a settlement. This party suggests several ideas that could help in solving the issue. The process used by the third party in the given scenario is referred to as _____.

conciliation

mediation

fact-finding

arbitration

2 points

Question 32

The Landrum-Griffin Act appointed the U.S. Secretary of Labor to act as a watchdog of union conduct.

True

False

2 points

Question 33

It is common for wages and benefits to be higher in unionized firms.

True

False

2 points

Question 34

If a grievance is not settled by artibration, the grievance procedure requires the grievant to file the grievance with a federal court.

True

False

2 points

Question 35

Which of the following statements is true of the wages of employees in the United States?

Union workers frequently get compensated better in terms of pay than do nonunion workers.

The wages paid to union and nonunion members differ in the private sector.

Union members always receive more benefits than nonunion employees.

Union wages equaled nonunion wages only after the global recession of 2009.

2 points

Question 36

A(n) _____ is a formal association of workers that promotes the interests of its members primarily through collective action.

trade fair

union

employment contract

cartel

2 points

Question 37

The relationship between a union and a company’s management in the United States alternates between accommodation and collusion.

True

False

2 points

Question 38

Which of the following is an advantage of union representation in organizations?

High productivity due to increasing compensation

Consistent increase in profitability of organizations

Efficient allocation of organizational resources

Opportunity to provide feedback to employers

2 points

Question 39

The practice of salting, which refers to paying union members to infiltrate an employer and organize workers, is a violation of the Wagner Act.

True

False

2 points

Question 40

After a series of failed negotiations with its union, Sinclair Processing Inc. shuts down its manufacturing unit in order to prevent union members from working. Sinclair Processing is using a _____ to put pressure on the union.

pre-emptive strike

vandalism

lockout

counter strike

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July 1, 2023

91. The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the:

A. Weighted average inventory method.

B. First-in, first-out method.

C. Last-in, first-out method.

D. Specific identification method.

E. Retail inventory method.

92. A company had the following purchases during the current year:

On December 31, there were 26 units remaining in ending inventory. These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?

A. $3,500.

B. $3,800.

C. $3,960.

D. $3,280.

E. $3,640.

93. A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

A. $304

B. $296

C. $288

D. $280

E. $276

94. Axme Corporation uses a weighted-average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $14 per unit.

August 29, 12 units were sold.

What was the amount of the cost of goods sold for this sale?

A. $148.00.

B. $150.50.

C. $158.40.

D. $210.00.

E. $330.00.

95. A company has inventory of 10 units at a cost of $10 each on June 1. On June 3, it purchased 20 units at $12 each. 12 units are sold on June 5. Using the FIFO perpetual inventory method, what is the cost of the 12 units that were sold?

A. $120.

B. $124.

C. $128.

D. $130.

E. $140.

96. A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, it purchased 10 units at $13 per unit. On August 12 it purchased 20 units at $14 per unit. On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 12 after the sale?

A. $140.

B. $160.

C. $210.

D. $380.

E. $590.

97. A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22 each. On November 6 it purchased 6 units at $25 each. On November 8, it sold 18 units for $54 each. Using the LIFO perpetual inventory method, what was the cost of the 18 units sold?

A. $395.

B. $410.

C. $450.

D. $510.

E. $520.

98. A company sells a climbing kit and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January were as follows:

If the ending inventory is reported at $276, what inventory method was used?

A. LIFO method.

B. FIFO method.

C. Weighted average method.

D. Specific identification method.

E. Retail inventory method.

99. Axme uses a weighted average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $15 per unit.

August 29, 20 units were sold.

August 31, 14 units were purchased at $16 per unit.

What is the per-unit value of ending inventory on August 31?

A. $12.00.

B. $13.80.

C. $15.42.

D. $16.00.

E. $17.74.

F. * $345/25 units = $13.80/unit

100. Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method.

The cost of the ending inventory is

A. $200.

B. $220.

C. $380.

D. $275.

E. $300.

July 1, 2023

91. The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the:

A. Weighted average inventory method.

B. First-in, first-out method.

C. Last-in, first-out method.

D. Specific identification method.

E. Retail inventory method.

92. A company had the following purchases during the current year:

A. $3,500.

B. $3,800.

C. $3,960.

D. $3,280.

E. $3,640.

A. $304

B. $296

C. $288

D. $280

E. $276

94. Axme Corporation uses a weighted-average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $14 per unit.

August 29, 12 units were sold.

What was the amount of the cost of goods sold for this sale?

A. $148.00.

B. $150.50.

C. $158.40.

D. $210.00.

E. $330.00.

A. $120.

B. $124.

C. $128.

D. $130.

E. $140.

A. $140.

B. $160.

C. $210.

D. $380.

E. $590.

A. $395.

B. $410.

C. $450.

D. $510.

E. $520.

98. A company sells a climbing kit and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January were as follows:

If the ending inventory is reported at $276, what inventory method was used?

A. LIFO method.

B. FIFO method.

C. Weighted average method.

D. Specific identification method.

E. Retail inventory method.

99. Axme uses a weighted average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $15 per unit.

August 29, 20 units were sold.

August 31, 14 units were purchased at $16 per unit.

What is the per-unit value of ending inventory on August 31?

A. $12.00.

B. $13.80.

C. $15.42.

D. $16.00.

E. $17.74.

F. * $345/25 units = $13.80/unit

100. Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method.

The cost of the ending inventory is

A. $200.

B. $220.

C. $380.

D. $275.

E. $300.

July 1, 2023

91. The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the:

A. Weighted average inventory method.

B. First-in, first-out method.

C. Last-in, first-out method.

D. Specific identification method.

E. Retail inventory method.

92. A company had the following purchases during the current year:

A. $3,500.

B. $3,800.

C. $3,960.

D. $3,280.

E. $3,640.

A. $304

B. $296

C. $288

D. $280

E. $276

94. Axme Corporation uses a weighted-average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $14 per unit.

August 29, 12 units were sold.

What was the amount of the cost of goods sold for this sale?

A. $148.00.

B. $150.50.

C. $158.40.

D. $210.00.

E. $330.00.

A. $120.

B. $124.

C. $128.

D. $130.

E. $140.

A. $140.

B. $160.

C. $210.

D. $380.

E. $590.

A. $395.

B. $410.

C. $450.

D. $510.

E. $520.

98. A company sells a climbing kit and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January were as follows:

If the ending inventory is reported at $276, what inventory method was used?

A. LIFO method.

B. FIFO method.

C. Weighted average method.

D. Specific identification method.

E. Retail inventory method.

99. Axme uses a weighted average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $15 per unit.

August 29, 20 units were sold.

August 31, 14 units were purchased at $16 per unit.

What is the per-unit value of ending inventory on August 31?

A. $12.00.

B. $13.80.

C. $15.42.

D. $16.00.

E. $17.74.

F. * $345/25 units = $13.80/unit

100. Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method.

The cost of the ending inventory is

A. $200.

B. $220.

C. $380.

D. $275.

E. $300.

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Busi 342 exam 4 | Management homework help

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