The loss due to write-down of inventory should be reported on the income statement as an expense
a. True
b. False
Indicate whether the statement is true or false
True
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______ involves division of an organization's work and applies motivational theories to jobs to increase satisfaction and performance.
A. Job enlargement B. Job design C. Job simplification D. Job development E. Job enrichment
Planning, control and budgeting are three independent functions of a market audit
Indicate whether the statement is true or false
Phelps Company manufactures custom-designed filtering equipment for swimming pools and tanks. In May 2014, the company had sales of $895,000 and incurred the following costs of quality: Product design costs $ 8,600 Product recall costs 5,200 Product simulation costs 13,500 Product testing costs 3,500 Product warranty claims 2,000 Scrap and rework costs 3,000 The ratio of the costs of conformance
to total costs of quality was A) 0.04 to 1 B) 0.28 to 1 C) 0.72 to 1 D) 1 to 1
What do organizations focus on when they make purchase decisions?
A. cultural factors B. emotional factors C. political factors D. social factors E. economic factors