______ is the degree to which rules and procedures are standardized in an organization.
A. Work specialization
B. Formalization
C. Bureaucracy
D. Departmentalization
B. Formalization
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Which of the following offers an example where Porter's five forces are mostly weak and competition is low?
A. A single consumer purchasing milk. B. A dog walking business. C. A coffee shop. D. An international hotel chain purchasing milk.
Instead of the word profit, accountants use net income because the latter term can be defined more precisely
Indicate whether the statement is true or false
Which of the following statements relating to regulated utilities is true?
a. Investments and Other Assets appear first in the balance sheet. b. Construction in Progress is listed first on the balance sheet. c. Plant, property and equipment are listed first on the balance sheet. d. Capitalization section is listed first on the balance sheet.
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used$19,000 Direct labor used 24,500 Factory overhead 55,100 Beginning work in process inventory 10,700 Ending work in process inventory 11,300
A. $79,000. B. $43,500. C. $98,600. D. $98,000. E. $42,900.