The 3M Corporation, one of the most highly innovative companies, uses corporate venturing activities to promote innovation. An advantage of this approach is that
A. new ideas are not well received.
B. employees must be constantly reminded to think entrepreneurially.
C. the ability to change is considered a core capability.
D. employees are not willing to change.
Answer: C
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Regarding discontinued operations, which of the following statements is incorrect?
A) Gains and losses on the sale of plant assets and equipment are reported as Other Income and (Expenses). B) A loss on discontinued operations is reported with an addition for the applicable income tax. C) The sale of an identifiable division of the business is reported on the income statement under the category Discontinued Operations. D) The Discontinued Operations category of the income statement includes information about segments of the business that have been sold.
Hugley Corp recently installed three just-in-time work areas in its blank key-making division. The work areas will make large quantities of identical key blanks for door lock manufacturers. Select the best answer for how Hugley should run its business and account for product costs
a. Backflush costing b. ABC c. JIT and ABM d. ABC and backflush costing
________ jurisdiction is the power of a court to hear a matter that involves a dispute between two or more parties
A. Contentious B. Adjudicative C. Optional clause D. Advisory
In the context of the history of American business, the _____ emerged in the second half of the 1800s, by building on the foundation of the industrial revolution.
A. entrepreneurship era B. relationship era C. marketing era D. production era