An operating segment is a component of a company
A. that engages in business activities to earn revenues and incur expenses.
B. whose operating results are regularly reviewed by the company's chief operating officer for budgeting and evaluation purposes.
C. for which financial information is available.
D. All of these types of companies would have an operating segment as a component.
Answer: D
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Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the month of August, Karvel estimated total manufacturing overhead costs at $300,000 and total machine-hours at 75,000 hours. Actual results for the period were manufacturing overhead costs of $290,000 and 75,000 machine-hours. As a result, Karvel would have:
A. applied an amount of overhead to Work in Process that was equal to the actual amount of overhead. B. found it necessary to recalculate the predetermined overhead rate. C. applied more overhead to Work in Process than the actual amount of overhead cost for the year. D. applied less overhead to Work in Process than the actual amount of overhead cost for the year.
A company has developed the prototype of a mobile phone which it plans to launch in the next few months. The phone comes equipped with the most advanced technological features
As part of its test marketing efforts, it allows customers to examine and use the prototype and also gathers feedback regarding product features and price. The results of this test marketing effort show that customers are willing to pay at least $500, considering the phone's various features. As such, the company has found out about the customers' ________. A) last paid price B) expected future price C) lower-bound price D) upper-bound price E) typical price
One of the overall goals of the Pancake House Restaurant is customer satisfaction. In the light of that goal, match the learning and growth perspective with the appropriate objective
a. Customer satisfaction means that the chefs engage in culinary continuing education. b. Customer satisfaction means that customers receive their food within 10 minutes of placing an order. c. Customer satisfaction means that the customer appreciation program is successful. d. Customer satisfaction means that the restaurant is profitable.
Contingency planning ______.
a. is time-consuming and expensive b. should be avoided c. is not essential as it will not be used in most cases d. all of the these