List the four types of responsibility centers. For each center, state the responsibility of the manager.
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The net amount required to retire a bond before maturity (assuming no call premium and constant interest rates) is the
a. face value of the bond plus any unamortized premium or minus any unamortized discount. b. issuance price of the bond plus any unamortized discount or minus any unamortized premium. c. face value of the bond plus any unamortized discount or minus any unamortized premium. d. maturity value of the bond plus any unamortized discount or minus any unamortized premium.
According to the late Edward L. Bernays and other advocates, licensing is necessary to preserve the well–being of society by doing which one of the following?
A. Regulating the access to top posts in the field to the most senior practitioners B. Excluding those who are not members of professional associations C. Creating an elite of public relations practitioners D. Excluding those not properly qualified E. Achieving better wages for licensed practitioners
Service firms cannot use job order costing for determining a selling price for their services.
Answer the following statement true (T) or false (F)
Scenario 17.2 Use the following to answer the questions. The Presto Company manufactures several types of household appliances, including blenders, waffle makers, and home deep fryers. Presto sells its products to retail stores such as Kohl's, Macy's, and J.C.Penney's, through its own sales force. Marilyn Wilson is one of Presto's salespeople, and is responsible for stores headquartered in Region 1 of the United States. Marilyn has just come from a monthly meeting where she has been informed about the new stovetop grill that will be part of next season's lineup. Presto's marketing department has developed a promotional plan for the new grill and outlined that plan for the sales staff in the meeting. The promotional plan for the next 60 days will include television commercials that
demonstrate the new grill, in-store rebates, and a customer contest for the best grilled sandwich recipe. In addition, Marilyn and other members of the sales force will be given a free grill for their own home use so they can become more familiar with the product. Presto is also offering a free trip to New York City for their staff salesperson who has the highest dollar in sales to his or her stores. To encourage the retail stores to push this product, Presto will offer the retail store a $5 discount for each grill that the store purchases after the 60-day promotion is over. Refer to Scenario 17.2. Presto appears to be using ____ to educate its sales force. A. formal sales training B. on-the-job training C. negative motivation D. territorial meetings E. recruiting training