Answer:
People behavior with lump sum amount:
The experimental evidence shows that people always expect to be treated fairly. When people are treated unfairly, then they will reject the offer regardless of the value of money. Thus, the statement that "should not generalize the evident resulted from $10 experiment. When the size of money is large then people will react differently from the evidence" is false.
Answer:
Work Breakdown Structure (WBS)
Explanation:
Note that, <em>the statement of work (SOW</em>) is usually used in project management to define project-specific activities, deliverables etc.
The Work Breakdown Structure (WBS)<em> finally breaks down the project into smaller components</em> as found in the image below. The image shows the case of a project breakdown to design and build a custom bicycle.
Answer:
B) $ 1,614
Explanation:
Given the information
Production= 3,350 units
Direct labor cost= $159,786
Direct labor hours= 13,450
=> rate per hour = $159,786 / 13,450 = $11.88
4 direct labor-hours for 1 unit
$12.00 per direct labor-hour
Budgeted production : 3,350 + 150 = 3500 units
=> The labor rate variance for the month was:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
= ($12.00 - $11.88 )*13,450
= 1614
We choose B
Answer:
D. trade-offs associated with financial decisions.
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Let's assume Martin can produce either 5 jeans or 10 shirts in one hour. If Martin decides to produce jeans instead, his opportunity cost are the shirts he trades off when he decided to produce jeans.
I hope my answer helps you
Answer:
B. flextime plan.
Explanation:
A flextime plan is a schedule that allows employees to decide their start and finish hour which is what it is said in the case as Dee give her employees the option to choose when to begin and end their days. Also, this plan requires employees to always be at work at certain hours as it is indicated. This means that it is mandatory for employees to be at their job in certain times but out of that they can choose their schedule.
