In the context of departmentalization, dividing employees into groups based on the commodities that a company offers is known as _____.
A. functional departmentalization
B. process departmentalization
C. product departmentalization
D. customer departmentalization
Answer: C
You might also like to view...
A payroll register is a schedule that summarizes the earnings, withholdings, and net pay for each employee
Indicate whether the statement is true or false
Gamma Corp has prepared a preliminary cash budget for the third quarter as shown below
Cash Budget Jul Aug Sep Beginning cash balance $32,000 $4,400 $6,900 Plus: Cash collections $49,400 $51,000 47,800 Cash available 81,400 $55,400 $54,700 Less: Cash payments: Purchases of direct materials 36,000 9,000 10,000 Operating expenses 40,000 30,500 30,700 Capital expenditures 1,000 9,000 7,000 Ending cash balance $4,400 $6,900 $7,000 Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $55,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of July. A) $13,500 B) $4,400 C) $7,000 D) $7,800
An analyst should be careful when conducting ratio analysis to ensure that ________
A) the overall performance of a firm is not judged on a single ratio B) the role of inflation is ignored C) ratios being compared should be calculated using financial statements dated at different points in time during the year D) different accounting procedures are used
In MacPherson v. Buick Motor the court held for MacPherson for injuries caused by defective wheels on his Buick. This case allowed for negligence for product liability:
a. only when privity existed b. with exception for contract warranty c. with implied warranty d. without exception e. except for commercial sales