Answer the following statements true (T) or false (F)

An exit-price accounting system provides an estimate of the cash conversion value of a firm’s resources.


ANSWER: T

Business

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Which of the following statements about management by exception is incorrect?

A) Managers concentrate on results that are outside the accepted parameters. B) There is no need to investigate variances that are less than 20% of the budgeted amount. C) Exceptions can be expressed as a percentage of a budgeted amount or a dollar amount. D) Many companies use a combination of percentages and dollar amounts.

Business

Which of the following communication network is decentralized and allows a free flow of information among all group members?

A. circle B. wheel C. chain D. all-channel

Business

According to your text, which department is primarily responsible for the ideas and strategies that comprise a corporate social responsibility (CSR) program in many organizations?

A. finance B. production C. marketing D. operations E. sales

Business

The fastest-growing group of workers in America is people who are working out of their homes.

Answer the following statement true (T) or false (F)

Business