Corporate level strategy focuses on what businesses to compete in and

A. how the firm can work as a stand-alone entity.
B. how the firm can create more value by operating alone.
C. how business can be managed to achieve synergy.
D. how business can be managed to reduce synergy.


Answer: C

Business

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Briton Inc. has two processes—Coloring Department and Mixing Department. Briton sold 350 gallons on account at $110 per gallon. The total cost of processing was $385,000 for 5,500 gallons of paint. Throughout the year, the company used a predetermined overhead allocation rate to allocate $75,000 and $65,000 of indirect costs to the Coloring Department and Mixing Department, respectively. The actual overhead cost incurred amounted to $150,000 at the end of the year

Record the necessary journal entries for the sale of goods and for adjustment of over- or underallocated manufacturing overhead at the end of the year. Briton uses the perpetual inventory system and process costing.

Business

The break-even point is the sales level at which a company neither earns a profit nor incurs a loss.

Answer the following statement true (T) or false (F)

Business

Which of the following is an example of an application program?

A. Unix B. Dell C. Linux D. Microsoft Word E. Windows

Business

Which of the following is a necessary coordination mechanism that organizations rely on to get a standardized product or deliver a standardized service?

A. chain of command B. formalization C. span of control D. centralization E. work specialization

Business