Storage and handling expenses and service costs such as property taxes and insurance are what type of inventory costs?
A. production costs
B. stockout costs
C. inventory carrying costs
D. purchasing costs
E. distribution costs
Answer: C
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Which of the following is a proper control for the detection of unusual sales transactions recorded in the general ledger?
a. Electronic authorization prior to posting. b. Use of sequentially numbered sales documents. c. Random statements to customers. d. Review of transactions by upper management or the board.
In what respect did Jack Welch, the former CEO of General Electric, believe that future managers needed to be different from him?
a. They needed to have a graduate degree in international affairs. b. They need to come from a minority background in order to understand the ethnic diversity organizations are now faced with. *c. They needed to be sensitive to cultural differences and similarities among nations. d. They need to surround themselves with a more diverse leadership team.
What is the close in an investor pitch?
a. Asking for the funding b. Getting a commitment to a rapid due diligence process c. Business valuation d. The exit
The ________ roles involve collecting, receiving, and disseminating information, according to Mintzberg's managerial roles.
A. interpersonal B. informational C. technical D. decisional