The basic objective of responsibility accounting is to charge each manager with those costs and/or revenues over which he has control.
Answer the following statement true (T) or false (F)
True
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Check 21 contains a special refund procedure, called "expedited recredit," for a customer who suffers a loss because of ________ check.
A. a substitute B. a cashier's C. the original D. a fraudulent
Which of the following ratios is most useful in indicating a company's profitability?
A) Operating cash flow ratio B) Profit margin ratio C) Dividend payout ratio D) Dividend yield ratio
Connor Publishing's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal) rate of return?
A. 6.62% B. 6.82% C. 7.03% D. 7.25% E. 7.47%
According to the meta-analysis on the Ohio State model, what effect does initiating structure have on follower job satisfaction and follower satisfaction with the leader?
a. Leaders high on initiating structure generally improve job satisfaction and they are respected by their subordinates and team members b. Leaders high on initiating structure generally reduce job satisfaction and they are generally not respected by their subordinates and team members c. Initiating structure has no effect on follower job satisfaction or on follower satisfaction with the leader d. No conclusion was drawn about this