An organizational structure in which each person reports to one supervisor is called a ________ organization.
A. line
B. staff
C. flat
D. smooth
Answer: A
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The Appliance Division of Electrotech Corporation reported the following results for a recent year Sales $9,000,000 Expenses 7,500,000 Total assets (1/1) 6,000,000 Total assets (12/31) 6,200,000 Refer to the Appliance Division What was the asset turnover ratio of The Appliance Division?
a. 1.475 b. 3.48 c. 0.680 d. 1.23
Punitive damages are found
A. throughout legal systems based on common law. B. in the U.S., EU, and Asia. C. in both secular and religious-based legal systems. D. only in the U.S.
What of the following is not a true statement regarding the Pension Benefit Guaranty Corporation (PBGC)?
a. The PBGC has a statutory lien against the sponsor for 100 percent of shortfalls in vested benefits. b. The PBGC was created by ERISA as a national insurer of pension plans. c. Vested benefits of participants are partially guaranteed by the PBGC if a plan is terminated. d. The PBGC is empowered to collect premiums from plans to pay for guaranteed termination benefits.
Your friend has agreed to lend you $5,000 today if you will repay him $5,061.36 in three months. What annual interest rate is your friend charging you for this loan?
A) 1.23% B) 5.00% C) 2.47% D) 5.36%