The Small Business Administration (SBA) may consider a business with many employees to be small as long as it has low annual revenues
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: A government agency that assists small businesses, the SBA regards some companies with as many as 1,500 employees as small, but only if the business has relatively low annual revenues.
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When a firm analyzes the marketing environment, it is least likely to look at which of the following?
A) the firm's current strengths B) the firm's current weaknesses C) the actions of competitors D) the state of the economy E) the cost of developing a new product
Like a job order costing system, a process costing system is restricted to one Work in Process Inventory account
Indicate whether the statement is true or false
Most discretionary costs relate to
a. plant and equipment acquisitions. b. long-term investments. c. basic personnel costs. d. service activities.
Lisa, a manager at a chemical manufacturing firm, wants to improve workplace safety. She has protective meshes installed over all large chemical vats so that workers cannot fall into them. She also improves the chemical bottling process to make it impossible for an employee to become injured by accidental leakages. In this scenario, Lisa's efforts to reduce the number and severity of workplace accidents are characteristics of ________.
A. employee assistance programs B. engineering controls C. loss-control programs D. management controls