Barbara Has Recently Shown Interest in Helping Her Mother with Chores

question 8

Multiple Choice

Barbara has recently shown interest in helping her mother with chores. She asks to put the dishes away and water the plants. Her mother notices that she seems to really enjoy doing these things, and decides to give Barbara one dollar for every chore she completes. According to the research on extrinsic rewards, you may predict that Barbara:

• A) soon will not like doing chores, and will only perform them if she receives money.
• B) will like doing the chores even more because she is getting paid.
• C) will feel much more competent at the chores than before.
• D) will really love doing the chores for their own sake if she receives money for more than a month.

Understand the purpose and limitations of Management by Objectives (MBO) within an organization.

Recognize the application and functionality of Project Evaluation and Review Technique (PERT) in project management.

Calculate the break-even point and profit goals using break-even analysis.

Understand the impact of MBO on employee motivation and productivity.

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Definitions:

Variable Overhead Cost

Costs that vary with the level of production output, such as supplies and utilities for manufacture.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, excluding fixed overhead costs.

Absorption Costing

A cost accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a finished product.

Net Income

A company's overall profit after subtracting expenses and taxes from its revenue.