In a _____________ organizational structure, such as McDonald’s or Burger King, senior management makes all the major decisions, whereas in a ____________ organization like UK department stores John Lewis and Debenhams, employees at lower levels are given the power to make decisions and solve problems without seeking approval from senior management.
What will be an ideal response?
Centralized and Decentralized
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When the amount of use of a fixed asset varies from year to year, the method of determining depreciation expensethat best matches allocation of cost with revenue is
a. units-of-output method b. MACRS c. straight-line method d. double-declining-balance method
Scrap and rework are examples of
A) prevention costs. B) appraisal costs. C) internal failure costs. D) external failure costs.
Which statement about a retailing effectiveness checklist is not correct?
a. The retailing effectiveness checklist enables the retailer to compute a total score based on summing individual scores for each category. b. The retailing effectiveness checklist is a type of retail audit. c. The retailing effectiveness checklist enables retailers to rate performance in each area. d. The retailing effectiveness checklist is equally suited for small and large retailers.
A reduction in the amount of cash received from a customer for early payment is known as a sales discount
Indicate whether the statement is true or false