Answer the Following Questions Using the Information Below:
at the Verill

question 82

Multiple Choice

Answer the following questions using the information below:
At the Verill Company, the cost of the library and information center has always been charged to the various departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of engineers within a department might be a better predictor of library and information center costs.
$$\begin{array}{l}\text { Total library and information center costs are } \$ 200,000 \text {. }\\\begin{array} { l r r r } \text { Department } & \text { A } & \text { B } & \text { C } \\\text { Number of employees } & 135 & 530 & 135 \\\text { Number of engineers } & 0 & 80 & 20\end{array}\end{array}$$
-If the number of engineers is considered the cost driver,what amount of library and information center costs will be allocated to Department A?

• A) $30,000
• B) $33,750
• C) $0
• D) $66,667

Understand the concept and effectiveness of classroom instruction in training.

Recognize the importance and outcomes of formal orientation programs for new employees.

Comprehend the strategic aspects and ROI measurement of training programs.

Identify the role and benefits of anxiety within orientation efforts.

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Definitions:

Miller-Orr Model

A financial model used for cash management, it helps in determining the optimal level of cash balance and controls the costs associated with cash balances.

Weekly Cash Flows

The movement of cash in and out of a business on a weekly basis, tracking how money is spent and received.

Opportunity Cost

The expense incurred by not choosing the second-best option while deciding.

Monthly Cash Flows

The total amount of money being transferred into and out of a business, particularly during a month.