Which flow of communication direction sends messages from the lower levels of the organizational hierarchy to the higher levels?
a. Lateral
b. Horizontal
c. Downward
d. Upward
d. Upward
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A standard cost accounting system can be used for
a. direct materials. b. overhead. c. direct labor. d. all of these.
An example of an inflexible expense is entertainment
Indicate whether the statement is true or false.
Managers need to ________ so that employees will discuss problems in meeting goals, rather than resorting to unethical and possibly illegal behavior.
A. keep the lines of communication open B. maintain accurate records of employee performance results C. incentivize employees to achieve goals at all costs D. penalize employees for failure to achieve goals E. lavishly reward high achievers
Which of the following capital budgeting techniques makes the assumption that the project's cash flows are reinvested at the firms required rate of return?
A. traditional payback period (PB) B. internal rate of return (IRR) C. discounted rate of return D. discounted payback period (DPB) E. net present value (NPV)