Marcy is plant manager for Diversified Industries. She and the managers of four other plants report to the vice president in charge of manufacturing operations. Three department managers report to Marcy. Select the incorrect statement regarding the preparation of responsibility reports.

A. Marcy's responsibility report should include a detailed account of the individual items for which she is personally responsible.
B. Marcy's administrative costs should be included on the reports of her three department managers.
C. Marcy's responsibility report should contain only summary information about the operations of the three departments in her chain of command.
D. The vice president's responsibility report would contain information for Marcy's plant rolled together with that of the other four plants.


Answer: B

Business

You might also like to view...

Earnings per share is an indication of how much

a. the company paid as dividends for each share of stock held by stockholders. b. the company earned for each share of outstanding common and preferred stock. c. the company earned for each share of outstanding common stock. d. cash the company has for each share of all outstanding stock.

Business

What are five factors retailers consider in setting retail prices?

What will be an ideal response?

Business

Use the following information to calculate cash received from dividends:    Dividends revenue$31,800?Dividends receivable, January 1 3000?Dividends receivable, December 31 4200?

A. $34,800. B. $33,000. C. $31,800. D. $30,600. E. $27,600.

Business

To compute the break-even point in units, which of the following formulas is used?

a. FC/CM per unit b. FC/CM ratio c. CM/CM ratio d. (FC+VC)/CM ratio

Business