Exhibit 8-4 RK, Inc - Refer to Exhibit 8-4

question 74

Multiple Choice

Exhibit 8-4 RK, Inc.had the following activity for an inventory item during June:
$\begin{array}{lll}&&\text { Unit }\\&\text { Units }&\text { Cost }\\\text { Beginning inventory } & 50 & \$ 10 \\\text { Purchase (June 5) } & 10 & 16 \\\text { Purchase (June 15) } & 30 & 14 \\\text { Sale (June 20) } & 40 & \\\text { Sale (June 25) } & 20 &\\\text { Purchase (June 30) }&10& 20\end{array}$
- Refer to Exhibit 8-4.Assuming RK uses a perpetual moving average cost flow assumption, ending inventory for June would be

• A)$512
• B)$560
• C)$768
• D)$720

Recognize the significance of scientific management and its practical applications in the workplace.

Distinguish between the different schools of management thought and their underlying assumptions regarding human behavior and motivation.

Comprehend the concept of bureaucracy, its characteristics, and its implications for organizational design and efficiency.

Appreciate the evolution of management thought from classical approaches to more contemporary theories including behavioral and systems approaches.

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Definitions:

Net Present Value

A financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows.

Capital Budgeting

The process of planning and evaluating expenditures on assets whose cash flows are expected to extend beyond one year, like new machinery, equipment, or projects.

Automated Equipment

Machinery and tools that operate with minimal human intervention, often using technology to perform tasks.

Intangible Benefits

Non-monetary advantages of an action or investment, such as improved employee satisfaction or brand loyalty, which are difficult to quantify.