GlobalMart Inc. periodically reviews the goals of the company. During the process, the managers of the company analyze their current strategies as compared to their competitors' strategies, determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals. With these actions, the managers are engaged in the management function of
A. goal coordination.
B. planning.
C. leading.
D. organizing.
E. controlling.
Answer: B
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A predetermined overhead rate allows managers to make more timely product pricing decisions
Indicate whether the statement is true or false
When a company has performed a service but has not yet received payment, what is the required journal entry to be recorded?
A) Accounts Receivable - Debit; Service Revenue - Credit B) Service Revenue - Debit; Accounts Payable - Credit. C) Service Revenue - Debit; Accounts Receivable - Credit D) No entry is required until the cash is received.
Sanguine Services is a small company that uses a marketing strategy in which its limited resources are employed to target a large share of two small market segments. Sanguine most likely uses which of the following marketing strategies?
A) individual marketing B) one-to-one marketing C) mass marketing D) concentrated marketing E) trigger-based marketing
Magistrates may not be delegated the authority to make final determinations in pretrial
matters without the consent of the parties. a. True b. False