Setting performance standards is the final step in a control system.
Answer the following statement true (T) or false (F)
False
The first step of a control system is to set performance standards.
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Frank Crawford Corporation's balance sheet showed the following amounts: Current Liabilities, $15,000? Bonds Payable, $8,000? Lease Obligations, $9,000? and Notes Payable, $5,600 . Total stockholders' equity was $17,000 . The debt-to-equity ratio is:
a. 0.88. b. 1.18. c. 0.71. d. 2.21.
With which of the following methods of accounting for a business combination does consolidation of assets and liabilities occur only to the extent of the stock acquired by the parent?
a. Pooling of interests b. The purchase method c. The new entity approach d. Proportionate consolidation
Thompson Crayons Ltd. is a manufacturer of crayons and colored pencils in Rhodia. The company has started packaging their products in vibrant colored boxes, as opposed to brown boxes used in the past, in order to increase their sales
In this scenario, Thompson Crayons Ltd. is using a _____ strategy. a. product differentiation b. market development c. diversification d. market penetration
A difficulty associated with the use of advertising by an independent or a chain with few units is the _____
a. high total costs b. long lead time c. high waste in geographic coverage d. low opportunity for computerization