Residual income is the difference between net operating income and the product of average operating assets and the minimum rate of return.

The tendency for group members to feel less anxious about the consequences of a decision because it was made by a group rather than an individual member is called ________.

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: During March, the costs incurred in Department 6 of Cardinal Company were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000; power and light, $21,360; insurance and property taxes, $14,400; and maintenance, $9,456.
a.Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March.
b.Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor?

In what phase of team development do members select alternatives, analyze effects, implement their plan, and manage their project?

A) ​Forming
B) ​Norming
C) ​Storming
D) ​Performing

What is the term for being equitably prevented from raising a legal defense?

A) Quid pro quo
B) Estoppel
C) Breach of Contract
D) International Subsidy Agent

Welding Corporation makes a good faith attempt to incorporate but there is a defect in its incorporation. Welding undertakes business as a corporation. In this circumstance, the firm's existence may be challenged by

A) any third party.
B) the state.
C) a director, officer, or shareholder.
D) any corporation with which it does business.