Organizations adopting which of the following product/service strategies are most likely to
tolerate failure as an inevitable part of product development?
A) responsive product/service strategy
B) innovation product/service strategy
C) low cost product/service strategy
D) quality attributes product/service strategy
B
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Discount Sales Company uses a standard cost system
Variable overhead costs are allocated based on direct labor hours. In the first quarter, Discount Sales had a favorable cost variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance? A) The actual number of direct labor hours was lower than the budgeted hours. B) The actual variable overhead costs were higher than the budgeted costs. C) The actual variable overhead costs were lower than the budgeted costs. D) The actual number of direct labor hours was higher than the budgeted hours.
In 2009, professional golfer Tiger Woods lost several endorsements (and substantial income) when his many extramarital affairs became public knowledge. Which ethical principle should Mr. Woods have used to avoid this situation?
A. Doctrine of the mean. B. Utilitarianism. C. Theory of justice. D. Disclosure rule.