The Bill of Rights refers to:
a) the inalienable rights found at the beginning of the Constitution
b) the first ten amendments to the Constitution
c) a specific listing of individual rights found in the original text of the Constitution.
d) a grouping of individual rights set forth by the United States Supreme Court shortly
after the Constitution was ratified by the states
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b) the first ten amendments to the Constitution
A manufacturer estimates its factory overhead costs to be $30,000 and machine
hours to be 4,000 for the year. If the actual hours worked on production total 3,800
,and the actual factory overhead costs are $28,000, what is the amount of the over- or
underapplied factory overhead?
a) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied
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a) $500 overapplied
A major competitor of XYZ, Inc. suddenly creates a new type of product that makes
XYZ's products obsolete. This is an example of which type of force in the
environment?
a) General environment
b) Task environment
c) Economic environment
d) Legal environment
e) Political environment
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b) Task environment
The probability that a product will operate properly within an expected time frame is
the dimension of quality known as
a) durability
b) reliability
c) performance
d) serviceability
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b) reliability
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow
requires two pounds of raw material and one hour of direct labor to manufacture. Raw
material costs $3 per pound and direct production labor is paid $4 per hour. Fixed
supervisory costs are $2,000 per month and Dreamland rents its factory on a five-year
lease for $4,000 per month. All costs are considered costs of production.
How many pillows must Dreamland produce and sell each month to earn a monthly
gross profit of $1,000?
a) 300
b) 350
c) 600
d) 700
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d) 700
Miller Brothers Hardware paid an annual dividend of $1.15 per share last month. Today,
the company announced that future dividends will be increasing by 2.6 percent
annually. If you require a 12 percent rate of return, how much are you willing to pay to
purchase one share of this stock today?
a) $12.23
b) $12.55
c) $12.67
d) $12.72
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b) $12.55
A manager who chooses the wrong goals for the organization and makes poor use of
the organization's resources in pursuing these goals is said to have:
a) Low effectiveness/low efficiency
b) Low effectiveness/high efficiency
c) High effectiveness/low efficiency
d) High effectiveness/high efficiency
e) None of the above
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a) Low effectiveness/low efficiency
When a trial is conducted with a jury, the judge determines issues of ____ and the jury
determines questions of ____
a) evidence, law.
b) law, evidence
c) law, fact
d) fact, law
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c) law, fact
a) the inalienable rights found at the beginning of the Constitution
b) the first ten amendments to the Constitution
c) a specific listing of individual rights found in the original text of the Constitution.
d) a grouping of individual rights set forth by the United States Supreme Court shortly
after the Constitution was ratified by the states
Give this one a try later!
b) the first ten amendments to the Constitution
A manufacturer estimates its factory overhead costs to be $30,000 and machine
hours to be 4,000 for the year. If the actual hours worked on production total 3,800
,and the actual factory overhead costs are $28,000, what is the amount of the over- or
underapplied factory overhead?
a) $500 overapplied
b) $500 underapplied
c) $2,000 overapplied
d) $2,000 underapplied
Give this one a try later!
a) $500 overapplied
A major competitor of XYZ, Inc. suddenly creates a new type of product that makes
XYZ's products obsolete. This is an example of which type of force in the
environment?
a) General environment
b) Task environment
c) Economic environment
d) Legal environment
e) Political environment
Give this one a try later!
b) Task environment
The probability that a product will operate properly within an expected time frame is
the dimension of quality known as
a) durability
b) reliability
c) performance
d) serviceability
,Give this one a try later!
b) reliability
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow
requires two pounds of raw material and one hour of direct labor to manufacture. Raw
material costs $3 per pound and direct production labor is paid $4 per hour. Fixed
supervisory costs are $2,000 per month and Dreamland rents its factory on a five-year
lease for $4,000 per month. All costs are considered costs of production.
How many pillows must Dreamland produce and sell each month to earn a monthly
gross profit of $1,000?
a) 300
b) 350
c) 600
d) 700
Give this one a try later!
d) 700
Miller Brothers Hardware paid an annual dividend of $1.15 per share last month. Today,
the company announced that future dividends will be increasing by 2.6 percent
annually. If you require a 12 percent rate of return, how much are you willing to pay to
purchase one share of this stock today?
a) $12.23
b) $12.55
c) $12.67
d) $12.72
, Give this one a try later!
b) $12.55
A manager who chooses the wrong goals for the organization and makes poor use of
the organization's resources in pursuing these goals is said to have:
a) Low effectiveness/low efficiency
b) Low effectiveness/high efficiency
c) High effectiveness/low efficiency
d) High effectiveness/high efficiency
e) None of the above
Give this one a try later!
a) Low effectiveness/low efficiency
When a trial is conducted with a jury, the judge determines issues of ____ and the jury
determines questions of ____
a) evidence, law.
b) law, evidence
c) law, fact
d) fact, law
Give this one a try later!
c) law, fact
