How is a corporation different from most of the other forms of business organizations?
What will be an ideal response?
Answer: A corporation has a separate legal identity from those of its owners. This separation gives the owners limited liability for the actions of the corporation. The down side is the process of double taxation for each dollar earned by the corporation, once when it is earned by the corporation and subsequently when it is passed on to the owners.
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Which of the following is not a typical function of the introduction to a report?
A) establishing the context B) previewing main ideas C) identifying the opportunity to pursue D) documenting sources E) establishing the tone and reader relationship
A(n) __________is a division or department that brings in no revenue or profit for the organization—running this function only costs the organization money.
A. revenue center B. productivity center C. cost center D. effectiveness center E. efficiency center
How an employee expects his supervisor to provide instruction and guidance largely depends on the employee’s ______.
*a. power distance dimension b. masculinity versus femininity dimension c. individualism versus collectivism dimension d. avoidance of uncertainty dimension
Over a 10-week period the cumulative sales are forecast at 10,000 units, the opening inventory is
200 units and the closing inventory is to be 100 units. What should be the weekly planned production for level production? A) 990 B) 1030 C) 1000 D) 1010 E) none of the above