Happy Workers (Those with Higher Job Satisfaction)tend to Be More

question 62

Multiple Choice

Happy workers (those with higher job satisfaction) tend to be more productive workers:

• A) in every job.
• B) only when those workers have high emotional intelligence.
• C) mainly in jobs where employees have discretion over their work output.
• D) only in jobs requiring continuous direct supervision.
• E) never: job satisfaction has no effect on job performance.

Understand and compute volume variances.

Calculate labor variances including rate and efficiency.

Compute direct materials price and quantity variances.

Understand the principle of standard costing and variance analysis.

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Definitions:

Debits

Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts; they are recorded on the left side of accounting ledgers.

Credits

Accounting entries that increase liabilities or equity or that decrease assets.

Cash Receipts

The collection of money, including coins, notes, cheques, and electronic transactions, received from activities such as sales or services.

Debiting

The act of recording an entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.