How can a small business decrease planned expenses to improve profits?
What will be an ideal response?
A small business can decrease planned expenses by:
a) establishing a better control system; spotting areas where losses occur and establishing controls may reduce expenses.
b) increasing productivity of people and machines through improving methods, developing proper motivators, and improving the types and use of machinery.
c) redesigning the product by developing new materials, machines, and/or methods for improving products and reducing costs.
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Yien Ho had gross wages of $2,340 for the week ending October 12 . What is the amount of her Medicare tax?
a. $145.08 b. $33.93 c. None of the answers listed d. $3,393.00
Of the three cost-flow assumptions, LIFO has the highest cost of goods sold when inventory costs are rising and the lowest cost of goods sold when inventory costs are falling
Indicate whether the statement is true or false
How many failures can a service firm commit before the recovery paradox is wiped out?
a. One failure b. Two failures c. Three failures d. Four failures e. Five failures
In your management training classes, you have noticed that a significant number of trainees seem to be gaining little value from the sessions. Devise an activity that emphasizes how poor listening habits undermine effective communication