71.Which of the following is not an important factor in determining the appropriate cost driver to use in allocating a cost? A. A cause-and-effect relationship between the cost and the cost driver B. The availability of information about the cost and cost driver C. The ability of the cost driver to allocate indirect costs to cost objects D. All of these are important factors […]
71.Job satisfaction is a function of _____, which can be defined as what a person consciously or unconsciously desires to obtain. A.perception B.appreciation C.contentment D.appraisal E.values 72.Negative affectivity is primarily influenced by: A.availability of social support. B.disposition of individuals. C.organizational roles. D.work environment. E.pay and benefits. 73.Reducing job dissatisfaction by increasing […]
71. Short Company purchased land by paying $10,000 cash on the purchase date and agreeing to pay $10,000 for each of the next ten years beginning one-year from the purchase date. Short’s incremental borrowing rate is 10%. What amount of liability would be reported on the balance sheet as of the purchase date, after the initial $10,000 payment was made? A. $100,000 B. $38,550 C. $61,446 D. $71,446 72. Short […]
53.George’s Gameroom had two employees with the following earnings information: Use the table above and calculate how much of Barbara’s December 15 paycheck is still subject to state unemployment tax given that the rate is 4% and federal unemployment tax is .6% and both taxes are levied on only the first $7,000 of each employee’s annual earnings. A. $700 B. $5,900 C. $1,800 D. $1,100 […]
71. Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $24,600 for direct labor and $4,300 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Which entry should Penn make to assign the Factory Payroll? (A) Payroll Expense 28,900 Cash 28,900 […]
101.A key factor in a voucher system includes all of the following except: A.Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash. B.Procedures for purchasing, receiving and paying for merchandise are divided among several departments. C.The system limits the individuals that can incur cash payment obligations for a company. D.It is applied to purchases […]
91. Foley Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell. For the year planned labor and overhead was $76,800,000; materials costs, $25 per unit. Planned production included 9,600 hours to produce 76,800 motor […]
161.Refer to the information above. Salem’s balance sheet at December 31, 2014 includes which of the following as a result of the sale of land on November 1? A.Notes Receivable of $900,000 and Interest Receivable of $9,000. B.Notes Receivable of $927,000 and Interest Receivable of $9,000. C.Notes Receivable of $900,000 and Interest Receivable of $27,000. D.Notes Receivable of $900,000 only. […]
31) On the statement of cash flows, in which section would the purchase of land appear? A) Operating activities B) Investing activities C) Financing activities D) Noncash activities 32) Which of the following would be reported on a statement of cash flows as a financing activity? A) Sale of equipment B) Amortization expense C) Collection of notes receivable D) Purchase of treasury stock 33) […]
125. On January 1, 2015, Alice & Co. lends $5,000 to an employee and accepts a 24-month, 10% note. At the end of 2015, what effect will the adjustment for accrued interest revenue have on the Alice & Co.’s financial statements? a. Decreases assets. b. Decreases revenue. c. Increases expense. d. Increases stockholders’ equity. 126. At the beginning of the year, […]
31.Roger Ramon is a militant member of a faculty union at a medium-sized college. When the union's negotiating committee is reporting to a meeting of the faculty, he always finds fault with the work of that committee and strongly advocates striking. When a member of the negotiating committee resigns because of illness, the union's executive committee appoints Roger to take his place. This is an example of:
a.formal strategic alliance.
b.cooptation.
c.change of domain.
d.public relations.
32.A(n) ____ is a formal linkage that occurs when a member of the board of directors of one company sits on the board of directors of another company.
a.joint venture
b.interlocking directorate
c.integration
d.indirect interlock
33.Which of the following occurs when leaders from important sectors in the environment are made part of an organization?
a.Integration
b.Joint venture
c.Resource dependence
d.Cooptation
34.____ is especially important in highly competitive consumer industries and in industries that experience variable demand.
a.Advertising
b.Cooptation
c.Executive recruitment
d.Contracts
35.An organization can change its domain most directly by:
a.hiring a new CEO.
b.changing the nature of the labor-management agreements.
c.divesting a division of the organization.
d.moving to a more favorable structure.
36.____ can be used to erect regulatory barriers against new competitors or to squash unfavorable legislation.
a.Cooptation
b.Contracts
c.Joint venture
d.Political strategy
37.“Generation C” refers to people born after:
a.1970.
b.1980.
c.1990.
d.2000.
38.As part of the “green movement,” Nike began making shoes with recycled materials and eco-friendly glues. The big oil company Valero is using windmills to run its refineries more efficiently and produce petroleum-based fuels more easily. These examples belong to which sector of the general environment?
a.Sociocultural
b.Economic
c.Government
d.Technology
39.Chapter 4’s Bookmark examines the volatile nature of today’s business world and gives some tips for managing in a fast-shifting environment. Which of the following is not one of those tips?
a.Seek out and welcome diverse ideas
b.Understand the environment as it was in the past
c.Ruthlessly assess your organization
d.Avoid the common causes of manager failure to confront reality, including filtered information and selective hearing
40.Oil companies, aerospace firms, and telecommunications firms function within a _____ environment.
a.simple, stable
b.complex, stable
c.sumple, unstable
d.complex, unstable
41.Which of the following laws required several types of corporate governance reforms, including better internal monitoring to reduce the risk of fraud, certification of financial results by top executives, and improved measures for internal auditing?
a.Fair Accounting Standards Act
b.Taft-Hartley Act
c.Occupational Safety and Health Act
d.Sarbannes-Oxley Act
42._____ gives top executives a systematic way to collect and analyze public information about rivals and use it to make better decisions.
a.Business intelligence
b.Competitive intelligence
c.Cooptation
d.Integration
43.When one individual is the link between two companies, this is typically referred to as a _____ interlock.
a.direct
b.indirect
c.organic
d.mechanistic
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