RS
Rafael Shem Gapusan
Answers (6)
RS
Answered
Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,100 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: 
Actual results for May:
The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for May would be closest to:
A) $3,595 F
B) $2,750 F
C) $2,750 U
D) $3,595 U
Actual results for May: The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for May would be closest to:A) $3,595 F
B) $2,750 F
C) $2,750 U
D) $3,595 U
On Jul 30, 2024
C
RS
Answered
________ theory in contract law, means that the existence and interpretation of the contract is based on the outward manifestations of intent by the parties.
A) Appearance
B) Objective
C) Subjective
D) Bilateral
E) Communication
A) Appearance
B) Objective
C) Subjective
D) Bilateral
E) Communication
On Jul 27, 2024
B
RS
Answered
The Securities Exchange Act of 1934 does not impose any criminal liability for violation of any of its provisions.
On Jun 30, 2024
False
RS
Answered
A supervisor receives regular information about a sales employee's performance (e.g.sales volume, incomplete paperwork, etc.) and must complete a performance appraisal of the person's work.The supervisor has a complete description of the employee's job but has never worked in the field as a sales representative.Moreover, the supervisor is relatively new to this job and therefore has little experience observing or appraising the performance of salespeople.What attribution error is likely to occur under these conditions and what effect would it have on the performance appraisal results?
On Jun 27, 2024
Fundamental attribution error is very likely to occur here because the supervisor lacks the knowledge of and empathy for the employee's position.This would cause the supervisor to be relatively insensitive to external forces on the employee's performance.Since the employee works away from the office as a field sales representative, the supervisor is unlikely to receive reliable information about these external factors.Instead, the supervisor will engage in fundamental attribution error whereby the employee's behavior and performance are attributed more to his or her own characteristics (ability and motivation).
Fundamental attribution error can have a significant effect on the performance appraisal results.In the case of good performance, the supervisor would give the employee perhaps more credit than is due because the supporting external conditions are not apparent.Where performance is poor, the employee would be assigned more blame than is due and, consequently, the appraisal results would be lower than where the supervisor's perceptions are not biased by fundamental attribution error.
Fundamental attribution error can have a significant effect on the performance appraisal results.In the case of good performance, the supervisor would give the employee perhaps more credit than is due because the supporting external conditions are not apparent.Where performance is poor, the employee would be assigned more blame than is due and, consequently, the appraisal results would be lower than where the supervisor's perceptions are not biased by fundamental attribution error.
RS
Answered
Which of the following would shift the production possibilities frontier outward?
A) A reduction in inefficiency
B) A reduction in the size of the labor force
C) An improvement in technology
D) A change in the combination of goods produced
E) Increasing opportunity costs
A) A reduction in inefficiency
B) A reduction in the size of the labor force
C) An improvement in technology
D) A change in the combination of goods produced
E) Increasing opportunity costs
On May 30, 2024
C
RS
Answered
The "for-value" requirement for becoming a holder in due course is more stringent that the ________ requirement of ordinary contract law.
A) fraud
B) good faith
C) consideration
D) bad faith
E) detrimental reliance
A) fraud
B) good faith
C) consideration
D) bad faith
E) detrimental reliance
On May 27, 2024
C