In the context of departmentalization, dividing employees into groups based on where customers are located is known as _____.
A. product departmentalization
B. geographical departmentalization
C. process departmentalization
D. customer departmentalization
Answer: B
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The cost of goods sold for a company for the year was $1,600,000 . Merchandise inventory at the beginning of the year was $195,000 and merchandise inventory at the end of the year was $205,000 . The average number of days that the inventory was held during the year was
a. 8.0 days. b. 25.0 days. c. 39.6 days. d. 45.6 days.
Which of the following is true about international accounting standards?
a. Significant differences exist between U.S. GAAP and GAAP of other countries. b. Few differences exist between U.S. GAAP and GAAP of other countries. c. The IASB is the standards-setting body of France. d. It is unlikely that the differences between U.S. GAAP and GAAP of other countries will diminish over time.
A fundamental difference exists between the breach or nonperformance of a contractual promise and the failure or nonhappening of a condition
a. True b. False Indicate whether the statement is true or false
When selecting participants for focus groups, there is an advantage to utilizing ______ groups; these employees may share a similar background because they have something in common.
a. heterogeneous b. homogeneous c. random d. purposeful