In our organization, most of the decisions are made at the corporate level. Very little authority is delegated to the store managers. Our organization is a ____________________ business.
Fill in the blank(s) with the appropriate word(s).
centralized
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The practice of assigning costs evenly to jobs using a single overhead rate when different jobs actually consume resources in different proportions is sometimes called:
a. Smooth costing. b. Process costing. c. Activity-based costing. d. Peanut-butter costing.
External analysis of preferences is preferred in most situations
Indicate whether the statement is true or false
The three basic financial statements are the income statement, balance sheet, and the payroll records
Indicate whether the statement is true or false
Christopher is a music teacher at St. Lucius School, an educational institution run by a charitable trust. Based on the nature of his organization, Christopher is eligible for the _____ employee-contribution retirement plan.
A. 403(b) B. 457 C. HR10 D. 401(k)