When authority is concentrated at the top level of management, the organization is said to be decentralized.
Answer the following statement true (T) or false (F)
False
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Companies engaging in different types of profit-making activities are often organized into departments
Indicate whether the statement is true or false
Which of the following characteristics of a sales manager provides evidence of structure?
A) Policies and procedures are clearly defined. B) Each salesperson is treated as an individual. C) Efficient communication is given a high priority. D) Members of the sales force receive regular recognition. E) Salespeople are encouraged to solve their own problems
Woodhead Inc. manufactures one product. It does not maintain any beginning or ending inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. Its standard cost per unit produced is $37.45. During the year, the company produced and sold 24,400 units at a price of $47.40 per unit and its selling and administrative expenses totaled $92,000. The company does not have any variable manufacturing overhead costs. It recorded the following variances during the year:Materials price variance$8,760FMaterials quantity variance$550ULabor rate variance$27,885ULabor efficiency variance$17,200FFixed manufacturing overhead budget variance$17,400FFixed manufacturing overhead volume
variance$18,900FThe net operating income for the year is closest to: A. $151,026 B. $259,859 C. $184,605 D. $150,780
According to Table M7-1, all of the resources are being used. If the amount of resource A were changed from 64 to 65, then the maximum possible total profit would be
A) 416. B) 417. C) 416.5. D) 415.5. E) None of the above