GASB Concepts Statement No. 2 requires state and local governments to include service efforts and accomplishments measures within the comprehensive annual financial report.
Answer the following statement true (T) or false (F)
False
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Selected data from the accounting records of Webb Company are listed below: General & administrative expenses $2,200 Operating revenues $6,000 Selling expenses 1,800 Income taxes 600 Other revenues (expenses) 800 Dividends paid 1,200 Read the information about Webb Company. What is Webb's income from operations?
a. $ 1,600 b. $ 2,000 c. $ 2,200 d. $ 2,800
Which researcher’s work was an effort to understand and create personal and social change, with the objective of building and growing democracy in society?
a. Rensis Likert b. Fred Emery c. Kurt Lewin d. Douglas MacGregor
Which of the following statements is FALSE about methods involved in solving a transportation problem?
a. Matrix least cost method reduces the number of computations and the time required to determine the optimal solution. b. Northwest corner rule is intuitively more appealing and has better rationale than the matrix least cost method. c. Northwest corner rule begins at the top left-hand corner of the matrix and allocates units until either the supply is exhausted or demand is met. d. Matrix least cost method begins with the cell that has the lowest per unit cost and allocates units until either the supply is exhausted or demand is met.
Shane is the project manager of the organizational development team at Solid Hardwoods. Shane's team has been assigned the task of studying and evaluating Solid Hardwoods' organizational structure. Shane divided the tasks among the team members to collect preliminary information on different elements of Solid Hardwoods' structure. Meg was asked to collect information on the degree to which tasks are divided into separate jobs. Andrea was asked to collect information on formal authority relationships. Francine started looking into how many employees each manager has responsibility for, and Carol was asked to collect evidence on the degree to which rules and procedures are used to standardize behaviors at Solid Hardwoods. Shane decided to personally collect information and evidence on where
exactly decisions are formally made at Solid Hardwoods. The team decided to meet with information in two weeks.Francine is looking into information on which element of organizational structure? A. span of control B. centralization C. work specialization D. chain of command E. formalization