A company-owned restaurant in a fast-food chain is considered an investment center.
Answer the following statement true (T) or false (F)
False
A company-owned restaurant in a fast-food chain is considered a profit center.
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Ted's manager required him to give up his company car because he had missed sales goals for four consecutive quarters. Ted's manager used
A. punishment. B. negative reinforcement. C. extinction. D. intrinsic motivation. E. feedback.
Which of the following is representative of safeguarding assets?
A) attaching electronic sensors to merchandise inventory B) reducing expenses to increase operating profit C) increasing operating profit to increase net income D) allowing company accountants to handle cash
The design of service processes is challenging because it involves a trade-off between ______.
A. customer expectations and product price B. service provider expectations for profits and costs C. customers’ expectations and service providers’ desire for efficiency D. product price and delivery time
Which costs should be included in the calculation of the cost per equivalent unit using the weighted-average method of process costing?
A) Current period costs only B) Current period costs plus those from beginning work-in-process inventory C) Current period costs less those from beginning work-in-process inventory D) Current period costs less those from ending work-in-process inventory