Participative budgeting:
a. Results in managers being less apt to meet or beat their budget projections.
b. Motivates managers to meet budget numbers because they set them.
c. Describes the budget meetings in which managers participate.
d. Leaves room to blame top management in the event budget numbers are not met.
b
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The election of directors of the corporation can be held by electronic method
Indicate whether the statement is true or false
The board of directors may issue bonds without the authorization or consent of the shareholders
a. True b. False Indicate whether the statement is true or false
Some have argued that the design of organizational arrangements should not be limited to questions of organizational structure, but should include all of the following, except:
a. Loosely designed sequence of steps. b. Operational methods. c. Applications that enable the performance of work. d. The formal patterns of relationships between groups and individuals.
Karl Company accrued wages of $7,350 that were earned by employees unpaid at the year-end. Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?
A. Debit Wages Payable $7,350; credit Cash $7,350. B. Debit Wages Payable $7,350; credit Wages Expense $7,350. C. Debit Cash $7,350; credit Wages Expense $7,350. D. Debit Wages Expense $7,350; credit Cash $7,350. E. Debit Wages Expense $7,350; credit Wages Payable $7,350.