Which of the following is NOT one of Collins's five stages of organizational decline?
A) hubris born of success
B) undisciplined pursuit of more
C) acceptance of risk and peril
D) grasping for salvation
E) capitulation to irrelevance or death
Answer: C
Explanation: C) Denial of risk and peril is one of the five stages of organizational decline.
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Although the general rule for transfer prices is the outlay cost plus opportunity cost, many companies instead use negotiated prices to price their goods and services. When are negotiated transfer prices used? Are such prices consistent or inconsistent with responsibility accounting? Explain.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The manager of a revenue center is responsible for generating profits. 2. A responsibility accounting system evaluates the performance of each responsibility center and its manager. 3. The manager of a cost center is responsible for controlling costs and generating revenues for the company. 4. The manager of a profit center is responsible for generating revenues and managing the center's invested capital. 5. An investment center manager is responsible for generating profits and managing invested capital.
Courts distinguish between mere gifts between parties and legally binding commitments by the element of consideration
a. True b. False Indicate whether the statement is true or false
Narib and Olivia are limited partners in Physicians Medical Center, a limited partnership. In terms of the firm's books and information regarding partnership business, Narib and Olivia are entitled to? A) access in proportion to their participation in management of the firm
B) access to the parts that directly relate to their capital contributions. C) no access. D) complete access