Which of the following terms best represents a culture that values punctuality and efficiency?
A) High-context culture
B) Polychronic culture
C) Collectivist culture
D) Low-context culture
E) Monochronic culture
Answer: E
Explanation: E) Monochronic culture, like the United States and Northern European countries, value punctuality and efficiency.
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A company's planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs:
Variable Fixed Indirect materials $90,000 Depreciation $37,500 Indirect labor 120,000 Taxes 7,500 Factory supplies 15,000 Supervision 30,000 A flexible budget prepared at the 90,000 machine hours level of activity would show total manufacturing overhead costs of a) $270,000. b) $202,500. c) $277,500. d) $225,000.
The sales opportunity grid could best be used in conjunction with _____
a. category management b. bottom-up retail plans c. short-run plans d. top-down retail plans