Which of the following is not one of the reasons that control is needed in an organization?
A. To adapt to change and uncertainty.
B. To eliminate the need for teamwork.
C. To detect opportunities.
D. To deal with complexity.
E. To decentralize decision making.
B. To eliminate the need for teamwork.
Figure 16.3 shows the six reasons for control in an organization, one of which is to decentralize decision making and facilitate teamwork.
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Pamela owns the building where her plumbing supply business is located. This year, she put on vinyl siding to replace the weathered wood siding on her building. The cost of the new siding can be expensed in the current year.
Answer the following statement true (T) or false (F)
Horizontal cooperative strategies would include all EXCEPT
a. market division. b. price fixing. c. reciprocal dealing. d. bid-rigging.
When a manufacturer changes from using a single plantwide predetermined overhead rate to multiple predetermined overhead allocation rates, the product unit cost may be more accurate
Indicate whether the statement is true or false
Anthony operates a part time auto repair service. He estimates that a new diagnostic computer system will result in increased cash inflows of $1,500 in Year 1, $2,100 in Year 2, and $3,200 in Year 3. If Anthony's required rate of return is 10%, then the most he would be willing to pay for the new diagnostic computer system would be (Ignore income taxes.):See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $5,107 B. $5,501 C. $5,638 D. $4,599