Which of the Following Statements Is Most Likely to Be

question 30

Multiple Choice

Which of the following statements is most likely to be true regarding the managers who take a proactive approach to social responsibility?

• A) They are most likely to behave unethically and illegally and do all they can to prevent knowledge of their behavior from reaching other organizational stakeholders and society at large.
• B) They implement formal, serial and collective socialization tactics.
• C) They are willing to use organizational resources to promote the interests not only of stockholders but of the other stakeholders.
• D) They encourage the use of those socialization tactics that lead to an individualized role orientation.

Distinguish between nominal GDP and real GDP, including adjustments for inflation.

Comprehend the implications of changes in GDP and real GDP on the economy.

Recognize the factors excluded from GDP calculation.

Grasp the concept of GDP deflator and its impact on evaluating economic performance.

---

Definitions:

Standard Direct Labour Rate

The pre-established amount paid per unit of work or hour of labor to employees directly involved in manufacturing.

Materials Price Variance

A financial metric measuring the deviation between the budgeted or standard cost of materials and the actual cost incurred.

Variable Manufacturing Overhead Cost Incurred

The total variable costs that have been spent during a particular period for activities related to manufacturing overhead.

Total Variable Overhead Variance

The difference between the actual variable overhead cost incurred and the expected variable overhead cost estimated in the budget.