Which of the following statements is true of decentralized decision making?
A. It primarily involves upward communication.
B. It requires every decision to be made by the top management.
C. It enables teams to communicate in a peer-to-peer fashion.
D. It follows traditional lines of authority.
Answer: C
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A rise in the incomes of foreign consumers, everything else remaining unchanged, causes net exports to
A. decline. B. not change. C. rise. D. rise at first, then decline later.
Comprehensive income consists of
A) operating income + other income and losses. B) net income + other adjustments to retained earnings. C) net income + other comprehensive income. D) other comprehensive income + unrealized changes in the value of available-for-sale securities.
Full-service retailers generally have the lowest costs of all retail types
Indicate whether the statement is true or false
Neither U.S. GAAP nor IFRS require the use of accrual basis accounting.
Answer the following statement true (T) or false (F)