An activity center is an organizational unit
a. that makes a single product or performs a single service.
b. in which only value-added activities are performed.
c. that incurs only unit, batch, or product/process level costs.
d. for which management wants separate activity information.
D
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The benefits of a single set of accounting standards used around the world would include all of the following except:
a. They would eventually save companies considerable money in accounting fees. b. They would prevent competitors from acquiring each other. c. They would allow easier comparisons by analysts and investors. d. They would facilitate access to foreign capital markets.
Recently "Call Centers" have mushroomed in countries like India, China, and Philippines due to the outsourcing by many Western countries
What are the benefits and disadvantages to this method to the company that is outsourcing? What factors should be taken into account when deciding to outsource?
On September 1, Eli's Painting Service borrows $150,000 from National Bank on a 4-month, $150,000, 6% note. The entry by Eli's Painting Service to record payment of the note and accrued interest on January 1 is
a. Notes Payable....................................................................... 153,000 Cash.............................................................................. 153,000 b. Notes Payable....................................................................... 150,000 Interest Payable..................................................................... 3,000 Cash.............................................................................. 153,000 c. Notes Payable....................................................................... 150,000 Interest Payable..................................................................... 9,000 Cash.............................................................................. 159,000 d. Notes Payable....................................................................... 150,000 Interest Expense.................................................................... 3,000 Cash.............................................................................. 153,000
Which of the following is true of conventional distribution channels?
A) Channel members have complete control over each other. B) Channel members seek to maximize their own profits. C) Channel conflict is governed by formal mechanisms. D) Channel members are assigned roles according to a clearly defined framework. E) Channel members work exclusively for the good of the organization.