Which of the following managers depend most on conceptual skills?
A) First-line managers
B) Top managers
C) Middle managers
D) Marketing managers
E) Financial managers
Answer: B
Explanation: B) Conceptual skills, closely associated with top managers, refer to a person's ability to think in the abstract, to diagnose and analyze different situations, and to see beyond the present situation.
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On January 1, 2016, Flo, Inc purchased an asset for $48,000. It was estimated that the asset life was seven years, after which it would have a residual value of $4,100. Assuming the use of the sum-of-the-years'-digits method, depreciation expense for 2016 would be
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false