SCENARIO 4-1 You Are a New Employee Just Hired with Acme Inc.Your

question 83

Multiple Choice

SCENARIO 4-1
You are a new employee just hired with Acme Inc.Your supervisor has explained your job to you and has indicated that you will have a great deal of control over your job once you become proficient at it.He compliments your history of accepting responsibility and suggests that you should feel free to offer constructive criticism about the way your job is structured.

-Referring to SCENARIO 4-1,your supervisor seems to assume that your basic nature is

• A)extrinsic based.
• B)Theory Y based.
• C)process theory based.
• D)Theory X based.
• E)motivation-hygiene based.

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Definitions:

Variable Production Costs

Expenses that fluctuate in direct proportion to production volume, like labor and materials.

Break-even

The point at which total cost and total revenue are equal, meaning there is no net loss or gain.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Absorption Costing

An approach in accounting that comprises all costs of manufacturing, like direct materials, direct labor, and both types of manufacturing overheads (variable and fixed), in determining a product's cost.