Ron plans to open his own café. He wants to offer a variety of coffees, sandwiches, and salads. He also plans to hire employees who will prepare food and serve customers. What type of product would Ron's customers be offered?
What will be an ideal response?
Ron's customers would be paying for both physical goods, that is, the food items Ron would offer, and nonphysical services, that is, the preparation and serving of the food items.
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A ______ represents an "educated guess" about what must be done in the long term for survival or the prosperity of the organization or its principal parts.
A. trend analysis B. mission C. strategy D. forecast E. contingency plan
Which of the following statements is TRUE of managerial accounting?
A) The external stakeholders of a company are the primary users of managerial accounting. B) Managerial accounting information is used to help managers plan, direct and control their operations. C) An external audit by an independent CPA is required for managerial accounting information. D) Managerial accounting information must comply with Generally Accepted Accounting Principles.
Which of the following statements is an argument raised by critics of a natural law school?
A) It requires sophisticated quantitative methodology, relying too heavily upon statistical methods. B) It is based primarily upon the European rather than American legal thinking. C) It is overly subjective in a nation of differing cultures and moral values. D) It is designed for communist and socialist political systems.
In these types of decisions, employees will not find the answer they are looking for in the company handbook or policy guidelines.
a. Non-programmed decisions b. Executive decisions c. Strategy decisions d. Programmed decisions