Which of the following statements is false?
A. The U.S. military is a good example of an organization that is highly decentralized.
B. Most organizations have some operating units that are centralized and some that are decentralized.
C. Management control systems are used to measure the performance of an agent's decisions.
D. The degree of decentralization depends on how many decisions principals delegate to agents.
Answer: A
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A) quality incentives B) financial incentives C) convenience incentives D) value-based incentives
Under a team-based new product development approach, ________
A) a single departmental team works to complete different stages of the process before passing the new product along to the next department and stage B) the organizational tension and confusion is less than under the sequential approach C) company departments work closely together in cross-functional teams D) a bottleneck at one phase can seriously delay an entire project E) the new product passes from one department to another before finalizing
When compound interest is used, interest accumulates less quickly than when simple interest is used
Indicate whether the statement is true or false
When direct labor costs are recorded in a job costing:
A. Cost of Goods Manufactured is debited and Direct Labor is credited. B. Direct Labor and Indirect Labor are debited and Factory Wages Payable is credited. C. Work in Process Inventory is debited and Factory Overhead is credited. D. Work in Process Inventory is debited and Factory Wages Payable is credited. E. Factory Wages Payable is debited and Work in Process Inventory is credited.