Part of the control process is to measure performance. What are the three sources for doing this?
What will be an ideal response?
Answer: written reports, oral reports, and personal observations by the manager (such as those obtained through MBWA—management by walking around)
Explanation: Written and oral reports can come from a variety of sources: external and internal, employees and their peers. Management by walking around occurs when a manager gets out of his or her office and visits the employees in their workplaces.
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If the gross amount of an invoice is $2,500 and a trade discount of 20% is allowed, the amount of the trade discount would be
a. $500; b. $250; c. $50; d. $25; e. none of these.
Piracy has been increasing, and seems to have moved from the East to the ______________ coast.
Fill in the blank(s) with the appropriate word(s).
Which of the following is/are not true?
a. Firms may periodically distribute net assets generated by earnings to shareholders as a dividend. b. Firms reduce net assets and retained earnings for the dividend distribution. c. Retained earnings on the balance sheet provides a measure of the cumulative net assets generated by earnings in excess of dividends declared. d. The sale of property, plant, and equipment represents the primary source of funds for most successful businesses. e. none of the above.
Describe resource leveling; its objectives and the basic five-step technique to perform it
What will be an ideal response?