The division of authority and responsibility in a major retail organization by product categories and geographic areas illustrates a(n) _____
a. centralized structure
b. decentralized structure
c. professional manager system
d. owner-manager system
b
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The expense of extending credit to make a sale should be recognized in the same period as the revenue from the sale
a. True b. False Indicate whether the statement is true or false
The higher in the organization a message goes the more formal and detailed the message should become
Indicate whether the statement is true or false.
Which of the following are present value methods of analyzing capital investment proposals?
A) Internal rate of return and average rate of return B) Average rate of return and net present value C) Net present value and internal rate of return D) Net present value and payback
Biomimicry is of interest to high-tech firms because:
a. it will be pivotal in addressing ecological stress on the planet. b. it is well on the way to inventing the first affordable, high volume alternative fuel source. c. it provides biological insight to new product innovations that solve a vast array of problems. d. it is a cutting-edge science focused primarily on biotech innovations. e. it is the leading source of comparative information on the interconnectedness of science and technology.