Which of the following is an example of a public-sector only union?
a. Service Employees International Union
b. The National Education Association
c. The American Federation of State, County, and Municipal Employees
d. International Brotherhood of Teamsters
c
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Sydney, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is $128,000 variable and $360,000 fixed. If Sydney had actual overhead costs of $500,000 for 18,000 units produced, what is the difference between actual and budgeted costs?
a) $4,000 favorable b) $12,000 unfavorable c) $4,000 unfavorable d) $16,000 favorable
Which of the following is NOT applicable to knowledge as a factor of production?
A) It supports entrepreneurs in developing new products and services. B) It is a recent addition to the set of production factors. C) It is largely driven by information technology. D) It helps identify new opportunities for business development. E) It is driven by the contributions of employees.