EAS245H1 Lecture Notes - Lecture 2: Japanese Language, Golden Light Sutra, Patrilineality
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A decentralized organization is one in which:
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A local chain department store grants each of its store managersthe authority to make buying decisions for their stores. Grantingmanagers this kind of authority is found in which type oforganization?
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A local chain electronics store does not allow its store ordistrict managers to make important decisions about their stores.The main role of store managers is to supervise employees and makesure day-to-day transactions run smoothly while district managerssupervise store managers and report profitability data back totop-level management. Not allowing store or district managersdecision-making authority is most likely to be found in which typeof organization?
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When a few individuals at the top of an organization retaindecision-making authority, the organization is referred to asa(n):
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Which of the following statements regarding the structure oforganizations is false?
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Which of the following is an advantage of decentralization?
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Which of the following is not an advantage ofdecentralization?
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Which of the following is often not a disadvantage ofdecentralization?
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Which of the following is a disadvantage ofdecentralization?
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"Responsibility accounting" is the concept that says:
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A budget for a single unit of a product or service is called asa:
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Which of the following statements is true regarding the budgetedcost for direct materials?
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Variance analysis compares:
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Which of the following statements is false regarding taskanalysis?
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Task analysis:
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A(n) ____ is attainable only when near-perfect conditionsexist.
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In most companies, machines break down occasionally andemployees are often less than perfect. Which type of standardacknowledges these characteristics when determining the standardcost of a product?
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Hathaway Inc. produces and sells golf umbrellas to localresorts. Hathaway anticipates April to be a busy month with thesale of 2,000 umbrellas. The company has prepared the followingstatic budget for April:
Sales revenue (2,000 units) | $60,000 |
Variable costs: | |
Direct materials | 6,000 |
Direct labor | 8,000 |
Overhead | 2,500 |
Fixed costs | 6,000 |
Net operating income | $37,500 |
During April, Hathaway actually produced and sold 2,300 umbrellas.What should be Hathaway's net operating income in April based on aflexible budget?
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Hoppe Inc. manufactures widgets. Management has determined thateach widget has a standard materials cost of $3.50 when 2.5 ouncesof raw material at a cost of $1.40 per ounce are used. The staticbudget for the month of December showed an estimated production of4,000 widgets in December. During December, 4,300 widgets wereactually produced. The actual cost for each widget was $3.60 when2.25 ounces of raw material at a cost of $1.60 per ounce werepurchased and used. What should be the total direct materials costaccording to Hoppe's flexible budget for December?
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Violetta Inc. manufactures plastic storage boxes. Management hasdetermined that each medium-sized box has a standard materials costof $1.20 when 4 pounds of raw material at a cost of $.30 per poundare used. The static budget for the month of March showed anestimated production of 15,000 boxes in March. During March, 17,000boxes were actually produced. The actual cost for each box was$1.56 when 3.9 pounds of raw material at a cost of $.40 per poundwere purchased and used. What should be the total direct materialscost according to Violetta's flexible budget for March?
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__________ is the degree to which the authority to make decisions is delegated to lower levels in an organization's hierarchy.
A. | Span of control | |
B. | Distribution | |
C. | Decentralization | |
D. | Centralization | |
E. | Bureaucracy |
Which statement does NOT provide an accurate characterization of committees?
A. | Managers are often assigned to numerous committees to improve coordination across departments. | |
B. | Committees can help managers whose units must work together to adjust schedules, workloads, and work assignments in order to increase productivity. | |
C. | Committees can be effective in communicating complex qualitative information. | |
D. | Committees can become an effective personal mechanism for mutual adjustment across unit heads. | |
E. | Committees are generally inexpensive and have a very good reputation. |
Systems of rites are called __________.
A. | rituals | |
B. | artifacts | |
C. | sagas | |
D. | rules | |
E. | routines |
3 points
Question 43
The capacity or willingness to follow a leader is called:
A. | leadership. | |
B. | followership. | |
C. | co-leadership. | |
D. | equivalence. | |
E. | trust . |
As the diversity of opinion, values and meaning in an organization narrows, it becomes much less vulnerable to external change and more able to capitalize on external opportunities.
True
False
Followers contribute to the leadership process by 1) granting claims to leaders and 2)
A. | claiming their own roles as followers. | |
B. | motivating their leaders. | |
C. | acting on a leader's instructions. | |
D. | getting to know their leaders. | |
E. | granting leaders permission to lead. |
3 points
Question 38
Jason is appointed to position of formal authority in his organization. Of the following, which is expected to be exerted by Jason?
A. | Followership | |
B. | Formal leadership | |
C. | Romance of leadership | |
D. | Equivalence | |
E. | Informal leadership |
business law
QUESTION 18
Partnership property:
a. | is always personal property. | |
b. | is owned by the partners as tenants in partnership. | |
c. | can be pledged to a partner's personal creditor. | |
d. | all of the above |
3.572 points
QUESTION 19
Under apparent authority:
a. | a principal is never liable for the acts of an agent. | |
b. | a principal is liable for creating the appearance of an agency relationship. | |
c. | there is no agency relationship. | |
d. | none of the above |
3.572 points
QUESTION 20
Religious discrimination is lawful if:
a. | a church is looking for a pastor. | |
b. | the person's religion prevented them from working a certain shift. | |
c. | the religious beliefs will interfere with effective work. | |
d. | none of the above |
3.572 points
QUESTION 21
The business judgment rule holds directors liable for:
a. | errors in business judgment. | |
b. | their mistakes. | |
c. | failure to obtain necessary information for making decisions. | |
d. | none of the above |
3.572 points
QUESTION 22
OSHAâs enforcement powers include:
a. | Research | |
b. | Investigations | |
c. | Record-keeping requirements | |
d. | All of these answers |
3.572 points
QUESTION 23
Which is not an example of an independent contractor relationship?
a. | master/servant | |
b. | lawyer/client | |
c. | accountant/client | |
d. | All of the above are not independent contractors. |
3.572 points
QUESTION 24
The Americans with Disabilities Act:
a. | applies to all employers. | |
b. | limits the impact of the Rehabilitation Act. | |
c. | applies only to government contractors. | |
d. | prohibits the use of tests that screen out handicapped workers. |
3.572 points
QUESTION 25
Under workersâ compensation:
a. | the employee loses the right to sue the employer for covered incidents. | |
b. | employee fault controls compensation. | |
c. | injuries by other employees are not covered. | |
d. | None of these |
3.572 points
QUESTION 26
Which of the following is not one of the benefits provided by workersâ compensation:
a. | Hospital and medical expenses | |
b. | Full wages | |
c. | Partial wages | |
d. | Death benefits |
3.572 points
QUESTION 27
A partnership by estoppel:
a. | is the same as a partnership by implication. | |
b. | results when third parties are led to believe a partnership exists. | |
c. | is the same as a joint venture. | |
d. | none of the above |
3.572 points
QUESTION 28
A shareholder proxy is:
a. | good until revoked. | |
b. | not subject to any securities laws. | |
c. | a transfer of a right to vote. | |
d. | none of the above |