Groupware works best when top management encourages information sharing and provides adequate training.
Answer the following statement true (T) or false (F)
True
Managers are most likely to successfully use groupware for communication when it has full support of top management and adequate training is provided. An environment that rewards group performance and does not have a rigid hierarchy of authority is also beneficial to the effective use of groupware.
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A written order to buy goods from a specific vendor is called a purchase requisition
Indicate whether the statement is true or false
Match the following accounts with whether they appear on the Income Statement (IS) or Balance Sheet (BS).
A. Rent Expense B. Rent Expense C. Fees Revenue D. Office Equipment E. Unearned Fees Revenues F. Accounts Payable G. Common Stock H. Cash I. Notes Receivable J. Wages Payable
Handerson Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 8.5kilos$6.00per kiloDirect labor 0.4hours$20.00per hourVariable overhead 0.4hours$6.00per hourThe company reported the following results concerning this product in August. Actual output 3,200unitsRaw materials used in production 29,030kilosPurchases of raw materials 31,600kilosActual direct labor-hours 1,160hoursActual cost of raw materials purchases$195,920 Actual direct labor cost$22,736 Actual variable overhead cost$7,540 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The variable overhead rate variance for August is:
A. $640 F B. $580 F C. $580 U D. $640 U
Which of the following is true of common stocks?
A) The common stock of a corporation can be either privately or publicly owned. B) Firms often issue common stock with no par value. C) Preemptive rights often result in a dilution of ownership. D) A firm's corporate charter indicates the rate at which dividends are paid.