The ________ approach is aimed at understanding how psychological and social processes interact with the work situation to influence performance.
A. human relations
B. bureaucracy
C. systematic management
D. scientific management
E. administrative management
Answer: A
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A company is not required to prepare both a(n)
a. Income statement and statement of stockholders' equity. b. Income statement and statement of retained earnings. c. Statement of stockholders' equity and statement of retained earnings. d. Statement of cash flows and statement of retained earnings.
Residual income is a better measure for performance evaluation of an investment center manager than return on investment because: (CMA adapted)
A. only the gross book value of assets needs to be calculated. B. the problems associated with measuring the asset base are eliminated. C. the arguments about the implicit cost of interest are eliminated. D. desirable investment decisions are less likely to be neglected by high-return divisions.
In the EOQ model, the order quantity is?
a. d/2 b. d c. Q/2 d. Q
Techno Technical Services is working on a six-month job for a client, starting on February 1. It will collect $24,000 from its customer when the job is finished but the revenue is earned evenly over the six months
On March 31, before adjusting entries are made, Techno's Accounts Receivable account had a debit balance of $3,000. After the March 31 monthly adjusting entry has been made, what will be the balance in Accounts Receivable? A) Debit balance of $4,000 B) Credit balance of $20,000 C) Debit balance of $7,000 D) Debit balance of $24,000