One advantage of centralization is better use of top management's time on strategic decisions.
Answer the following statement true (T) or false (F)
False
In a centralized system, top management is required to make many operating decisions, so there is less time for strategic decision making.
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A process has four stages (A, B, C, and D). The stages have output rates of 15 units/hr, 10 units/hr, 9 units/hr, and 11 units/hr, respectively. What is the output rate of this process?
a. 15 units/hr b. 10 units/hr c. 9 units/hr d. 11 units/hr
Which, if any, of the following expenses is subject to the 2%-of-AGI floor?
a. Qualified tuition expenses under § 222. b. Contribution to traditional IRA. c. Cost of a CPA exam review course—taxpayer just began employment with an accounting firm. d. Office in the home deduction for a self-employed taxpayer. e. None of these.
______________ is a proactive influence tactic that seeks others’ participation in a decision.
a. Rational persuasion b. Inspirational appeal c. Consultation d. Collaboration
Which of the following is not used by auditors to establish the completeness of recorded assets?
A. Vouching transactions. B. Tracing from source documents to entries in the accounting records. C. Performing analytical procedures. D. Assessing control risk.