The best control standards are specified and measurable desired performance levels for given goals. For which one of the following would a for-profit organization be LEAST likely to have a standard?
A) manufacturing defects
B) percentage reduction in costs
C) number of customer complaints
D) return on investment
E) employee morale
Answer: E
Explanation: E) Employee morale is often a difficult thing to measure. It can be tied to other more measurable indicators such as attrition, tardiness, or absenteeism, but morale itself is subjective and personal, making it difficult to quantify.
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PowerPoint report decks ________
A) are designed to be read as well as presented B) cannot be sent as email attachments C) cannot be printed out for participants at a meeting D) require the presence of a presenter E) contain slides that are less detailed than those in traditional presentations
In ______ isomorphism, professional bodies promote “proper” organizational structure.
Fill in the blank(s) with the appropriate word(s).
If a merchant buyer rejects goods, and the seller does not have an agent or place of business at
the market where the goods were rejected, the buyer must: A) Follow any reasonable instructions from the seller. B) If the goods are not perishable, sell the goods. C) If no instructions come from the seller, sell the goods. D) A and B only E) A and C only
Geary, Inc. had the following sales during Year 1:
Geary also had the following beginning and ending balances in the following accounts:
Geary, who uses the allowance method, estimated that 3% of the credit sales will go uncollected. The credit card company charges Geary a 4% fee for handling credit card transactions.Required:a) Prepare the adjusting entry for uncollectible accounts expense in general journal form. b) Prepare the entry to record the credit card sales in general journal form.c) Determine the amount of net cash
flows from operating activities during Year 1. What will be an ideal response?