People who believe that positive action policies lead to preferential treatment are:
a. Proponents of positive action policies
b. Opponents of positive action policies
c. Realist viewing positive action policies in a true light
d. None of the above
b. Opponents of positive action policies
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Felix and Ian allocate 2/5 of their partnership's profits and losses to Felix and 3/5 to Ian. The net income of the firm is $20,000. The journal entry to close the Income Summary will include ________.
A) credit to Ian, Capital for $12,000 B) debit to Felix, Capital for $12,000 C) debit to Felix, Capital for $8000 D) credit to Income Summary for $20,000
Controlling is the process of ______.
a. setting objectives for employees b. determining which lines of business the corporation will be in and how it will allocate resources among them c. monitoring progress and taking corrective action when needed to achieve objectives d. closely watching employees
Identify a disadvantage of piece rate plans
a. They do not provide extra recognition for producing above the minimum requirements. b. Productivity is not an important factor of such plans. c. They are not appropriate if machines, rather than people, control production speed. d. They are not suitable if the company gives a high priority to the quantity produced by each worker.
It is wise for a retailer to maintain the highest possible financial leverage as a means of maximizing return on net worth
Indicate whether the statement is true or false