A narrow span of control is appropriate when
A. the organization is flat.
B. performance measures are comparable.
C. many reporting levels exist.
D. the manager can easily control many subordinates.
E. jobs are similar.
Answer: C
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When bonds are issued by a company, the accounting entry shows an
a. increase in liabilities and a decrease in stockholders' equity. b. increase in liabilities and an increase in stockholders' equity. c. increase in assets and an increase in liabilities. d. increase in assets and an increase in stockholders' equity.
Which one of the following would the auditor consider to be an indication of a potential going-concern problem?
a. Loss of the controller to a competitor. b. Improper reporting of internal controls by management. c. Adverse key financial ratios. d. Large increase to sales in the month previous to year-end.
Syndicated services data are not collected for the purpose of marketing research problems specific to individual clients
Indicate whether the statement is true or false
The Income Summary account is credited in the entry that closes
a. expense accounts. b. revenue accounts. c. the Dividends account. d. net income.