What assumptions underlie the EOQ formula?
What will be an ideal response?
The model's assumptions are as follows:
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Which of the following was a positive feature of bureaucracy, according to Max Weber?
A. Generalists in the workplace. B. A flat organization with little hierarchy of authority. C. Hiring and promotion based on social status. D. Clear division of labor. E. Flexible rules and procedures.
Contrast internal and external auditing
Abbie Cross paid $2,500 in federal income tax during the year and her taxes due are $2,200 using a 1040 EZ form. How much will Abbie owe in taxes, or how much refund would she receive?
a. $300 tax due b. $0 tax due c. $300 refund d. $1,300 refund
Jackson has a loan that requires a $17,000 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How much did Jackson borrow today?
What will be an ideal response?