) In agency theory, the owners of the business are referred to as ________, and the managers are referred to as ________
A) bondholders, principals
B) stockholders, bondholders
C) agents, principals
D) principals, agents
Answer: D
You might also like to view...
When multiple labor categories are used, the monetary impact of using a higher or lower number of hours than a standard allows is referred to as a labor mix variance
Indicate whether the statement is true or false
Deming directed managers’ attention to the fact that most quality problems are not the fault of employees, rather, the ______ is to blame.
a. customer b. strategy c. system d. manager
The Lily Company uses the percent of receivables method of accounting for uncollectible accounts receivable, and a perpetual inventory system. As of January 1, its net accounts receivable totaled $192,000 (Accounts Receivable $200,000 less an $8,000 Allowance for Doubtful Accounts). During the current year, the following transactions occurred. 1)Merchandise costing $1,050,000 was sold on account for $1,400,000. 2)The company collected $1,294,000 from customers on account.3)$6,000 of accounts receivable were deemed uncollectible and written off.4)$1,000 of accounts receivable previously written off as uncollectible were recovered.5)At year-end, Lily Company estimates that 4% of its accounts receivable are uncollectible.Prepare journal entries to record these transactions.
What will be an ideal response?
The organization chart depicts the
A. responsibilities of each job specification. B. phone numbers for each employee. C. positions in the firm and the way they are arranged. D. geographical location of the different branches of a business. E. office assignments by area of the firm.