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Managers holding assumptions in Theory X and Theory Y believe that ___.

A) people are willing to work and like responsibility
B) people are self-directed and creative
C) these theories typically create responsible workers
D) these theories create self-fulfilling prophecies
E) these theories create opportunities to satisfy esteem and self-actualizing needs

On Jul 25, 2024


D
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The City of Greenville needs to raise revenue. Alderman Black has proposed a $10 tax on red cars in the city, currently numbering 2,000. Mayor White, who wants more than $20,000 in revenue, proposes taxing these cars at $100 each. Councilwoman Bluestone goes even farther, suggesting a $1,000 per red car tax, arguing that her proposal will raise $2 million. If maximizing tax revenue is the only consideration, which proposal should pass? Why?

On Jul 23, 2024


It is an economic fact that if you tax something you get less of it. Even at $10 per car, some people will decide not to drive red cars (by selling or painting their vehicles). Suppose 100 people do this. Alderman Black's proposal will then yield $19,000. At $100 per red car, there will be a lot fewer red cars. But as long as more than 190 people elect to keep their cars red, the mayor's proposal will raise more revenue. A $1,000 tax would only require more than 19 red cars to generate more revenue than the $10 tax. However, at such a high fee, it is likely that no red cars will remain in Greenville.
HN

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The costs arising from activities that benefit two or more units are generally referred to as controllable costs.

On Jun 24, 2024


False
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Which of the following would be classified as an external failure cost on a quality cost report?

A) Reentering data because of keying errors.
B) Customer returns arising from quality problems.
C) Test and inspection of in-process goods.
D) Rework labor and overhead.

On Jun 23, 2024


B
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A large majority of economists favor eliminating the minimum wage.

On May 25, 2024


False
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In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $18,000 and ending work in process inventory of $39,000. During the month, $152,000 of costs were added to production and the cost of units transferred out from the department was $131,000. The company uses the first-in, first-out method in its process costing system. In the department's cost reconciliation report for May, the total cost to be accounted for would be:

A) $170,000
B) $340,000
C) $57,000
D) $322,000

On May 24, 2024


A