A Company Was Experiencing Slow Production Rates, and Lower Production

question 11

Multiple Choice

A company was experiencing slow production rates, and lower production volumes than demanded by management, so a new factory manager was hired. Upon investigation, she found that the workers were poorly motivated and not closely supervised. Midway through the quarter, she started an incentive program and paid out cash bonuses when workers hit their production targets. Within a short time, production output increased, but the bonuses had to be charged to the direct labor budget, and she was worried about the impact of these costs on operating income. This situation could have produced a(n) :

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

Recognize the significance of career experiences in enhancing leadership competencies according to Mumford's skills model.

Understand the role of social judgment skills in leadership as per the skills model.

Assess the impact of skills approach on personal development and leadership assessment.

Identify key competencies in leadership models and understand their application across management levels.

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Definitions:

Corporate Owner

An entity that legally owns a corporation, which can be individuals, groups of people, or other companies.

Common Areas

Parts of a property that are available for use by all residents or members of a community, such as lobbies, gardens, and swimming pools in a condominium.

Tenants in Common

Tenants in common is a form of co-ownership where each owner possesses a specific fraction of the property and has the right to will their share to their heirs.

Partitioned

Divided into parts or sections, often used in the context of dividing property among owners or heirs.