One way to manage your time better is to determine the critical 80 percent of the tasks that need doing and do those first
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Typically, 20 percent of the work accomplishes 80 percent of the results. Research shows that 20 percent of the work should be viewed as high priority and the bulk of time should be spent on those things.
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The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs:
Actual total factory overhead cost incurred$24,000 Actual fixed overhead cost incurred$10,000 Budgeted fixed overhead cost$11,000 Actual machine hours 5,000 Standard machine hours allowed for the units manufactured 4,800 Denominator volume—machine hours 5,500 Standard variable overhead rate per machine hour$3.00 Under a three-variance breakdown (decomposition) of the total factory overhead variance, the fixed factory overhead production-volume variance (to the nearest whole dollar) is:
The microenvironment consists of larger societal forces that affect a company, such as demographic, economic, political, and cultural forces
Indicate whether the statement is true or false