Albert Is the Manager of a Large Retail Store

question 39

Multiple Choice

Albert is the manager of a large retail store.He has the authority to appoint employees in the store.The store does not have a specialized human resource executive and Albert himself conducts selection interviews.Albert has not received any training on selection and recruitment.This often leads to selection errors.

• A)availability bias
• B)bandwagon effect
• C)self-fulfilling prophecy
• D)projection bias
• E)social identification

Understand the challenges and strategies of effective followership within organizations.

Comprehend the impact of leadership on innovation and decision-making processes in organizations.

Understand the concept and applications of social network analysis within organizations.

Recognize the advantages and potential pitfalls of virtual teams in organizational settings.

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Definitions:

Standard Machine-Hours

A predetermined measure of how much machine time is expected for a task, used in cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead rate incurred and the standard rate, multiplied by the actual activity level.

Standard Cost

The predetermined cost of manufacturing a single unit or a number of units during a specific period under normal conditions.

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used and the expected quantity of raw materials based on the standard cost, which indicates efficiency in using materials.