A logistics company recently installed microchips in all its telephone sets to track and record calls made by its employees. The company did this to ensure that the employees were making only service calls and not personal calls. This is most likely an example of _____.
A) normative control
B) bureaucratic control
C) concertive control
D) objective control
Answer: D) objective control
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______ is the process of giving employees feedback and referring employees with problems that cannot be managed within the work structure to the organization’s employee assistance program.
A. Coaching B. Management counseling C. Progressive discipline D. Gross negligence
What is the journal entry used to apply factory overhead of $7,650?
a. debit Work in Process $7,650; credit Factory Overhead $7,650 b. debit Factory Overhead $7,650; credit Work in Process $7,650 c. debit Work in Process $7,650; credit Materials $7,650 d. debit Work in Process $7,650; credit Wages Payable $7,650
Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $7.50 per share. If the required return on this preferred stock is 6.5%, at what price should the preferred stock sell?
A. $104.27 B. $106.95 C. $109.69 D. $112.50 E. $115.38
[The following information applies to the questions displayed below.] Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,200 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,800 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements?
A. Assets and stockholders' equity decrease by $1,176. B. Assets and liabilities decrease by $1,200. C. Assets and liabilities decrease by $1,176. D. None. It is an asset exchange transaction.