How do managers measure an activity's performance?
Managers can measure an activity's performance by evaluating the difference between its actual and budgeted costs. With this information, they can analyze variances in activity levels, identify waste and inefficiencies, and take action to improve processes and activities. They can also continue to monitor the costs of nonvalue-adding activities to see if the company met its goals of reducing or eliminating those costs.
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________ make their money by collecting data and designing research products that fit the information needs of more than one organization
A) Data processing services B) Syndicated services C) Field services D) Qualitative research services E) Pooling services
Answer the following statements true (T) or false (F)
1. The administrative theory of management is part of the classical theory. 2. Edward and Tricia solved their conflict by compromising. Each had to give up something they wanted in order to reach a resolution. This is an example of integrative conflict resolution. 3. The classical theory of management focuses on all organizations whereas the behavioral theory focuses on specific types of organizations. 4. Theory X managers assume that people like to work and do not need close supervision.
The present value of a future stream of cash flows is what that stream
A) was worth in yesterday's dollars. B) is worth in today's dollars. C) will be worth in future dollars. D) might be worth in future dollars.
Refer to the following information for Tangent Corporation
• Common Stock, $1.00 par, 108,000 shares issued, 99,000 shares outstanding • Paid-In Capital in Excess of Par-Common: $2,330,000 • Retained Earnings: $910,000 • Treasury Stock: 11,000 shares purchased at $33 per share If Tangent resold 1,300 shares of treasury stock for $23.00 per share, which of the following statements would be true? A) The Treasury Stock account would decrease by $21,450. B) The Paid-In Capital in Excess of Par-Common account would increase by $1,300. C) The Treasury Stock account would decrease by $42,900. D) The Retained Earnings account would increase by $29,900.