A _____ model is one that is automatically adjusted based on changing relationships among variables.
A. dynamically modified
B. constantly modified
C. fixed variable
D. static
Answer: A
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The Dayton Corporation began the current year with a retained earnings balance of $32,000 . During the year, the company corrected an error made in the prior year, which was a failure to record depreciation expense of $3,000 on equipment. Also, during the current year, the company earned net income of $12,000 and declared cash dividends of $7,000 . Compute the year-end retained earnings balance
a. $34,000 b. $37,000 c. $41,000 d. $44,000
The ________ method of promotional budgeting is based on determining the level of spending necessary to accomplish specific promotion goals
A) percentage-of-sales B) competitive-parity C) top-down D) pull-push E) objective-task
The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $30 First purchase 25 units at $32 Second purchase 30 units at $34 Third purchase 10 units at $35 The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the
last-in, first-out method? A) $655 B) $620 C) $690 D) $659
Some have argued that the design of organizational arrangements should not be limited to questions of organizational structure, but should include all of the following, except:
a. Loosely designed sequence of steps. b. Operational methods. c. Applications that enable the performance of work. d. The formal patterns of relationships between groups and individuals.