A firm organizes its store maintenance operations on the basis of location. Which method of classifying jobs does the firm use?
a. product classification
b. functional classification
c. geographic classification
d. combination organization classification
c
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Usually, failure to record a liability means failure to record a(n)
a. revenue. b. note. c. expense. d. asset.
Why do most firms consider test marketing essential for new products?
a. The high price of failure simply prohibits the widespread introduction of new products without testing. b. The speed, safeness, and reliability of test marketing is higher than that of simulated market testing. c. The ability of test marketing to evaluate consumer preference for a new product prior to developing a prototype increases its importance. d. The decision to test a product sets several tasks in motion, such as ordering product materials, starting production, building inventories, and advertising to potential customers.
At Peter James Consulting, managers are in the process of submitting their budget cuts for the next fiscal year. In evaluating alternatives, managers should consider all of the following except
A. Are these the right choices to make for our company? B. Is this the choice that I, personally, would like to make? C. Will these cuts impact the quality of our service? D. Is this the best use of our resources company-wide? E. What is the budget impact of these changes?
A corporation has perpetual existence regardless of what the articles of incorporation state.
Answer the following statement true (T) or false (F)