1. Betty is married to Abel‚ a successful engineer. They have a joint account which gives them both an American Impress credit card‚ which they have had for years. They have always made the payments on time and over the years the credit limit has gone up and up. Abel has a skiing accident and dies. A month later‚ Betty gets a notice that her American Impress card has been cancelled. To make matters worse‚ the fact that her card has been cancelled is reported to a credit reporting company‚ which hurts
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A positive influence plan is a valuable asset for a manager to possess to be able to properly evaluate his or her employees. By simply holding team building exercises‚ handing out achievements for well-done jobs‚ employee satisfaction surveys‚ and employee reviews companies can add this information to their influence plans. The plan assists lower-level and senior-level management to increase the morale‚ motivation‚ performance and satisfaction of a company’s employees. These three factors along
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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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Week 5 : Spoilage and Inventory Management - Quiz 1. (TCO 6) MedicalTechnical‚ Inc. manufactures surgical instruments to the exacting specifications of various customers. During April 2005‚ Job 911 for the production of 4‚500 instruments was completed at the following costs per unit. Direct materials $ 60 Direct manufacturing labor 20 Allocated manufacturing overhead 80 $160 Final inspection of Job 911 disclosed 100 defective units and 50 spoiled units. The defective instruments
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Law 531 Week two Law 531 Week Two Threats. The contract is agreement between two parties they find they have some to exchange; the power and commitment between two parties enforcement by the court‚ The contract have many legal details to be discussed by lawyer or expert. The contract administration‚ focus on the requirement for the services the company have to get when they sign a contract for new service or to get new products. In field like software consultant it is very complicated and
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Assignment #5 – e-Compensation Stephanie Keaton March 16‚ 2014 Human Resource Information Systems - HRM 520 Dr. Lawrence Green‚ Instructor Assignment #5 – e-Compensation Assess the advantages and disadvantages of using a Web-based compensation toll versus a client-server based or stand-alone PC-based system and then give your opinion on which system would provide the most value to an organization’s stakeholders. Include three (3) facts to support your opinion. e-Compensation represents
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1. Question : (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply? (6 pts.) What happens to bicycle demand? Student Answer: When there is an increase in the price of labor for making bicycles the supply would decrease because it would cost more to make the bikes and the supply curve would shift to the left. There would be no change in the demand for the bicycles. Instructor Explanation: Since a change in costs to produce the
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responsible regarding to the organization’s employees. HRM is an important function that provides a holistic design of planning and leading for those who work in the organization. HRM is an essential asset to the organization as HRM is the primary key that determine the success or failure of an organization. Without a capable and productive employees‚ an organization cannot afford to produce an output from the input that runs the organization
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income. Instructor Explanation:Chapter 12 Points Received: 5 of 5 Comments: 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? (A)The decision to make or buy a needed partThe desision to keep or drop a product line Yes Yes (B) Yes No (C) No Yes (D) No No Student Answer: Choice A Choice B Choice C Choice D Instructor Explanation: Chapter 13 Points Received: 5 of 5 Comments: 3. Question : (TCO D) Last year‚ the House of
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. (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. Rate‚ based on budgeted factory overhead cost and budgeted activity‚ that is established before a period begins. 2‚250‚000/415‚000 Budgeted
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