A centralized, organic approach with direct supervision for managing uncertainty is ideal for which of the following environments?
A. complex and dynamic
B. simple and stable
C. dynamic and simple
D. stable and dynamic
E. stable and complex
Answer: C
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Laramie Company has acquired a property that included both land and a building for $500,000. The company hired an appraiser who has determined that the market value of the land is $300,000 and that of the building is $480,000. At what amount should the company record the cost of the building? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $297,600 B) $310,000 C) $250,000 D) $320,000
Describe how a flexible budget is useful in planning for an organization.
What will be an ideal response?
The just-in-time operating environment typically is characterized by a large number of non-value-adding activities
Indicate whether the statement is true or false
If a court rules in a particular case in which it is later found not to have jurisdiction:
a. the court will be fined b. the plaintiff will be fined c. the judgment of the court will be declared null and void upon appeal d. the judgment of the court will be suspect in all future cases e. the judgment of the court will stand