Answer:
1. Department A (manufactures parts in a highly automated process): Machine hours
2. Department B (assembles the parts by hand): Direct labor hours
3. Department C (places completed units in a heat chamber to sterilize the before they are shipped out): Batches
Explanation:
Machine hours is used to measure factory overhead as against the goods produced. This method is usually applied in production environment using machine, and where the most activities are done by machines. On the other hand direct labor is used when the production of goods and services is done by human hands, and not machines. While Machine hours is the appropriate overhead allocation rate for Department A, Direct Labor hours will be appropriate for Department B. Hence Batches will be appropriate for Department C.
Answer:
This statement about finance is true.
Explanation:
Finance can be defined as the study of money management and activities related to it. It is concerned with allocation of assets and liabilities. It can categorized into three types, public, personal and corporate.
Studying finance is important for business students, irrespective of their majors as finance is crucial part of any business and plays a very vital role in the working of any organization. Finance lies at the core of the business decision making. It is thus necessary to understand the concept of finance.
Also, to all individuals, knowledge of finance is helpful as it is involved in our daily lives, in paying our bills and managing our taxes or in loans and mortgages.
The CBA (sometimes called BCA) is when a company SUMS up the benefits of a business related action and then the costs associated with that action are subtracted.
Answer: d. All of the Above
Explanation:
All the above senior managers are more likely to apply more Domestic HRM practices to make them International HRM practices when they are put into a situation where International practices will be needed.
This is because they have been with the Domestic companies for much of their time and so know more about Domestic practices than international.
The first options refers to senior managers in firms with large domestic markets. To be a senior manager demands experience in the market they are in so it is not far fetched to say that they are more knowledgeable in domestic practices than international.
The second option speaks of managers with little International experience meaning they are more likely to engage in transferability between domestic and International practices.
The third option speaks of managers who built their careers on domestic experience. They will find it hard letting go of what has brought them such success so will more likely apply domestic practices on an international scale.
