The Production Manager of a Company, in an Effort to Gain

question 171

Multiple Choice

The production manager of a company, in an effort to gain a promotion, negotiated a new labor contract with her factory employees that required them to bear a greater percentage of benefit costs than before, thus bringing down the cost of direct labor to the company. Shortly afterward, several experienced and highly skilled workers resigned, and were replaced by new employees whose work was very slow during their training period. At the end of the quarter, the company's profits fell 10%. This situation would have produced a(n) :

• A)favorable direct materials cost variance.
• B)unfavorable direct labor cost variance.
• C)unfavorable direct labor efficiency variance.
• D)favorable direct materials efficiency variance.

Understand methods for program evaluation and measuring social return on investment.

Acknowledge the regulatory and oversight mechanisms for nonprofit organizations.

Recognize financial management practices and their implications for nonprofit effectiveness.

Understand the concepts and strategies behind political coalition building, specifically within immigrant and civil rights movements.

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Definitions:

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer.

Internet-Based Inventory

Inventory management systems that use internet technologies to monitor and manage the stock levels of products.

Net Profit Margin

A financial metric showing the percentage of revenue remaining after all operating expenses, taxes, and interest have been deducted.

Logistics Management

involves overseeing the efficient and effective transportation and storage of goods from origin to consumption.