72.Which of the following organizational design elements determines the sharing of resources and encourages coordination through informal communication?  A.Span of control B.Formalization C.Centralization D.Departmentalization E.Standardization 73._____ establishes the chain of command—the system of common supervision among positions and units within the organization.  A.Span of control B.Formalization C.Centralization D.Job rotation E.Departmentalization 74.The simple structure usually depends on _____ to coordinate work activities, so it is […]

  31) Political candidates often hold fund raisers by charging “per plate” for dinner. Wendy purchased four tickets to a $1,000 per plate dinner for a local city council candidate. Is this transaction economically efficient? A) No, political candidates should never be allowed to overcharge for a fund raising dinner. B) Yes, it was a voluntary exchange that benefited both parties. C) No, Wendy paid […]

  176.Mango Enterprises produces mango-flavored tea bags. March’s budget indicated that sales of 500 boxes of tea bags would incur fixed costs of $2,380. The company’s contribution margin ratio is 35%, and its contribution margin per box of tea bags is $4. How much sales revenue must Mango Enterprises generate to break-even?     177.Resin Products has estimated that fixed costs per month are $79,200 […]

    41.Selecting an inventory cost flow assumption will most likely be impacted by which one of the following? a.The physical flow of the inventory goods. b.The cost of the company’s plant and equipment. c.Income taxes. d.The cost flow assumptions most often used by other companies.       42.All of the following are typically associated with Japanese business inventory accounting except: a.the use of […]

    41) In 2008, the nominal minimum wage rate was $7.25 an hour and the CPI was 200. The real minimum wage rate in 2008 was A) $3.63 an hour. B) $14.50 an hour. C) $1450 an hour. D) $26.32 an hour. E) $7.25 an hour. 42) In 2012, the nominal wage rate for unionized carpenters was $37.50 and the CPI was 204. Calculate […]

  11) Zero correlation between two variables implies that: A) both variables move in the same direction. B) the variables are not related to each other. C) both variables move in the opposite direction. D) change in one variable causes the other to change. 12) Which of the following relationships is most likely to exhibit zero correlation? A) The relationship between income and savings B) […]

  9.3   Economic Growth Theories: Old and New   1) Thomas Malthus was an economist who contributed to the ________ theory of growth. A) classical B) neoclassical C) new growth D) socialist E) Keynesian   2) The Malthusian theory A) is also called the classical growth theory and predicts that we will run out of resources. B) is also called the neoclassical growth theory. C) […]

  3.6   Integrative Questions   1) As technology advances, A) all opportunity costs decrease. B) the PPF shifts outward. C) a country moves toward the midpoint along its PPF and can produce more of both goods. D) all opportunity costs increase. E) the PPF shifts inward because unemployment occurs. 2) If a country is operating at a point of production efficiency, A) it enjoys a […]

    91.              Berg Company incurs $320,000 overhead costs each year in its three main departments, setup ($20,000), machining ($220,000), and packing ($80,000). The setup department performs 40 setups per year, the machining department works 5,000 hours per year, and the packing department packs 500 orders per year. Information about Berg’s two products is as follows: Product A1Product B1 Number of setups              20              20 Machining […]

  11.The elements of the term POSDCORB mean all of the following except a.Planning b.Ordering c.Staffing d.Directing   12.The father of modern police administration is a. August Vollmer b.O.W. Wilson c.V.A. Leonard d.Raymond Fosdick   13.Human Relations Management means all of the following except a.personnel aspects of the manager’s job b.interrelationship of the employee and the organization c.bureaucratic structural control d.believing that organizational goals and […]