-Refer to Figure 11-4

question 46

Multiple Choice

-Refer to Figure 11-4. Calculate the variable overhead efficiency variance.

• A) $36,850 U
• B) $80,000 U
• C) $36,850 F
• D) $4,000 U
• E) None of these.

Acknowledge the complications associated with planned change in organizations and strategies to address them.

Understand different strategies for overcoming resistance to change.

Recognize the role of participation, persuasion, and empowerment in managing change.

Identify the conditions under which technological change is most beneficial to organizations.

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and easy entry and exit, leading to price-taking behavior.

Variable Costs

Costs that vary directly with the level of output or business activity, such as materials and labor.

Revenues

The total income produced by a company from its activities, before any expenses are subtracted.