An advantage of using ROI to evaluate performance is that it encourages the manager to reduce the investment in operating assets as well as increase net operating income.
Answer the following statement true (T) or false (F)
True
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New institutional theory divides institutions into
A. two basic types: technical and nontechnical. B. three basic types: classified, unclassified, and unclassifiable. C. two basic types: formal and informal. D. three basic types: formal, informal, and technical.
Gerald, a cash basis taxpayer, owns 70% of the stock of Black Corporation, a calendar year, accrual basis C corporation. On December 31, 2019, Black accrued a bonus of $80,000 to Gerald, and paid the bonus to Gerald on January 2, 2020. When does Gerald report the bonus, and when does Black Corporation deduct the bonus? Would your answers change if Gerald was a 40% shareholder of Black?
What will be an ideal response?
Which of the following contracts MUST be in writing to be legal?
A) a sale of a $50,000 car B) a two year lease of a photocopier C) an office pool to buy lottery tickets D) a sale of a condominium E) all of the above contracts must be in writing to be legal
________ of procurement officers use auctions to purchase goods.
A. Approximately 80% B. Less than a quarter C. Over one third D. Approximately 25%