Jeanine has formal power in the coffee lovers, ltd. organization while Sam has informal power. One of the primary differences between Jeanine and Sam is that Jeanine has authority within the organizations while Sam does not. Authority refers to the rights to perform or act in any organization. The one having authority in an organization has the right of formal communication within the organization.
Answer:
Option A and B
Explanation:
The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.
Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.
Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.
Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.
Answer:
D. The fundamental attribution error
Explanation:
The fundamental attrubution error is the likeliness for individuals to over emphasize personality based explanations for actions observed in others while under emphasizing situational explanations. It is a bias in which an individual action is said to depend on the type of person he is. What the individual committed in this case is fundamental attribution error also called correspondence bias or over attributional effect. With this bias, it is not believed that social and environmental factors influences individual actions.
Management is
the process used to accomplish organizational goals through planning,
organizing, leading, and controlling people and other organizational resources.
Management is used to control its employees to maximize its effort to obtain
its objective using the available resources to meet the customer demand.
<span> </span>
Answer:
d. Finished Goods Inventory
Work In Process Inventory
Explanation:
In the production process when goods raw materials enter into the factory, they are considered as work in process.
On completion from the factory the raw materials that were in work in process are now converted to finished goods.
Inventory is an asset account, and assets is debited when it increases and credited when it reduces.
When all goods have been converted to finished goods there is increase in finished goods inventory, so
1. Debit finished goods inventory
Raw materials in work in process has been converted to finished goods, so the entry for WIP is
2. Credit work in process inventory
