According to the work of Horovitz, all of the following are common characteristics of British control except:
A. control was used more for general guidance than for surveillance.
B. operating units had a large amount of marketing autonomy.
C. top management tended to focus attention on major problem areas and did not get involved in specific, detailed matters of control.
D. financial reports were simple and lightly emphasized.
Answer: D
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Which situation is an example of a voluntary turnover?
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Select the type of business that is most likely to obtain large amounts of resources by issuing stock
A) Partnership B) Corporation C) Sole proprietorship D) None are correct.
What is material alteration as a universal defense to a negotiable instrument?
What will be an ideal response?
In Year 1, West Virginia Mining Co. purchased a coal mine that contained an estimated 1,200,000 tons of coal, of which 1,000,000 tons can be profitably extracted, for a cash price of $58,500,000. The company mined 50,000 tons of coal in Year 1.Required: a) What is the amount of depletion to be recorded per ton of coal?b) What is the amount of depletion expense for Year 1?
What will be an ideal response?