Treez Ltdowns Land with a Fair Market Value of $100,000, a a Building

question 3

Multiple Choice

Treez Ltd.owns land with a fair market value of $100,000, a building with a fair market value of $75,000, and equipment with a fair market value of $25,000.These assets are used for active business conducted in Canada.Which of the following would disqualify Treez from being a small business corporation?

• A)Treez Ltd.also owns 40% of the non-eligible shares of Rock Co.(a small business corporation), which have a fair market value of $20,000.
• B)Treez Ltd.also owns portfolio shares in Leaf Co., (with less than 1% ownership), which have a fair market value of $5,000.
• C)Treez Ltd.also has long-term investments valued at $30,000.
• D)Treez Ltd.sold the equipment and used the funds to purchase 35% of the shares of Tree Co., a small business corporation.

Differentiate between ideal and currently attainable standards.

Recognize the comprehensive scope of standards beyond just direct labor and materials.

Understand the concept and purpose of standard costs in business operations.

Calculate and interpret direct materials and labor variances, including price and quantity variances.

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Definitions:

People-Oriented Leadership

A leadership style focused on valuing and developing individuals, fostering a supportive and inclusive work environment.

Directive

A directive in management or leadership refers to instructions or orders given to subordinates meant to guide actions or tasks.

Supportive

Providing encouragement or assistance, often fostering an environment conducive to growth, learning, or development.

Task-Oriented Leaders

Leaders who focus on the tasks that need to be accomplished in order to meet certain goals or standards.