Answer:
An advantage of using the retail method of inventory costing is
c.that it may be used as an aid in taking a physical inventory.
Explanation:
The retail inventory method is used by retailers that resell merchandise to estimate their ending inventory balances. This method is based on the relationship between the cost of merchandise and its retail price. The method is not entirely accurate, and so should be periodically supplemented by a physical inventory count. Its results are not adequate for the year-end financial statements, for which a high level of inventory record accuracy is needed.
Answer: Option A
Explanation: In simple words, ethical behavior refers to the behavior which is seen as as morally correct from the perception of the society.
In the given case, Johnson technologies is giving award to their employees based the person skill traits such as safe driving etc. Hence they are awarding their employees for traits that are considered ethical and morally correct in the eyes of law and society.
Thus, from the above we can conclude that the correct option is A.
Freedom of ownership is part of the government and the public sector business environment.
<u>Explanation:</u>
Freedom of ownership or a sharing vision offers a number of opportunities in the business environment. It allows the government to control the costs, generate the economies of scale and bargain costs down internally.
The freedom of ownership permits access to complex, specialized skills that can not be sourced locally. So this allows the government sector or the public sector environment to run the business successfully and to run it efficiently.
Answer:
Option (b) is correct.
Explanation:
Given that,
Sales = 145,000 units
Desired ending inventory = 28,500 units
Beginning inventory = 21,750
Budgeted production in units for November:
= Sales + desired ending inventory - Beginning inventory
= 145,000 units + (190,000 × 15%) - 21,750
= 145,000 units + 28,500 - 21,750
= 151,750 units
Answer:
On one hand, the principle of management which is being ignored in this case is that of Unity of Command.
Explanation:
The principle of Unity of Command stipulates all staff or employee, for sakes of clarity and avoidance of confusion, an abiguity, should take instructions from only one boss or line manager.
On the other hand, the principle of management that is being followed in the above case is that of Taylors Functional Foremanship.
The practice of this technique requires that planning and execution be seperated according to areas of specialisation. Specialisation is the primary logic or argument in the Taylors Functional Foremanship principle. Taylors advocates that each foreman needs to be highly proficient, possess special know-how and be capable of directing the staff with high exuberance and tact.
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