A Virtual Office Is a Mobile Office in Which People

question 11

True/False

A virtual office is a mobile office in which people can work anywhere,as long as they have the tools to communicate with customers and colleagues.

Calculate investment turnover and understand its implications.

Calculate profit margin and understand its relevance in assessing divisional performance.

Understand the impact of negotiated transfer prices on operating income of divisions and the company as a whole.

Allocate support department expenses using appropriate cost drivers.

---

Definitions:

Hot-Stove Rule

A principle in discipline management likening the consequences of misconduct to touching a hot stove, emphasizing that discipline should be immediate, consistent, impersonal, and informative.

Involuntary Turnover

The termination of employees' positions due to factors beyond their control, such as layoffs or downsizing, not due to personal performance.

Voluntary Turnover

Occurs when employees choose to leave their positions, often due to better job offers, personal reasons, or dissatisfaction with their current roles.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their performance, commitment, and overall well-being.