According to Surveys,which of the Following Statements About How Managers

question 31

Multiple Choice

According to surveys,which of the following statements about how managers view sales ethics is true?

• A) Sales goals force managers to act even more ethically than they ordinarily would
• B) Some sales managers lower their ethical standards to meet job goals
• C) Few managers feel that they face ethical problems in the workplace
• D) Most managers are unaware of any unethical behavior in their industry
• E) Most managers feel that they and their employees are operating as ethically as possible

Identify and calculate the revenue variance for different months.

Calculate and analyze the variance for net operating income comparing actual results to the flexible budget for various months.

Understand the difference between favorable and unfavorable variances and their implications on budget performance.

Calculate the materials quantity variance and understand its impact on manufacturing efficiency.

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Definitions:

Savings

Money that is set aside from one's income or earnings for future use, often accumulating interest.

Saving

The portion of income that is not spent on immediate consumption but is set aside for future use, often in investments or deposits.

Disposable Income

The available amount for households to spend and save, subsequent to income tax deductions.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenditures that consumers must make even when they have no income.