An objective of activity-based management is to
a. eliminate the majority of centralized activities in an organization.
b. reduce or eliminate non-value-added activities incurred to make a product or provide a service.
c. institute responsibility accounting systems in decentralized organizations.
d. all of the above
B
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Your sister paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the 5th year. What is the expected rate of return on this investment?
A. 6.77% B. 7.13% C. 7.50% D. 7.88% E. 8.27%
Gretel, an inventor, has tools in her workshop, including hammers, a table saw, and drills. She has a patent on her most recent invention, a kitchen gas grill.Shelicenses the patent to Home Appliances, Inc, a company in which she owns stock. Hertangible personal property includes the
a. workshop tools. b. Home Appliances stock. c. patent on the gas grill and license to Home Appliances. d. all of the choices.
An achievement culture is a culture in which status is attributed based on who or what a person is.
Answer the following statement true (T) or false (F)
The break-even point is equal to
A) fixed costs divided by (sales price per unit - variable cost per unit). B) fixed costs divided by selling price per unit. C) (sales price per unit - variable cost per unit) times the fixed costs. D) fixed costs divided by unit variable costs.