Why may the cost of a divisional structure sometimes exorbitant?
What will be an ideal response?
Because divisional structures contain some degree of redundancy.
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A typical university is a simple service organization that offers mainly educational services
Indicate whether the statement is true or false
Which of the following is enforceable without consideration?
a. A new promise to pay a debt barred by the statute of limitations. b. An illusory promise. c. A promise to supply all of the materials a manufacturer will need for the production of a certain item for a specified period of time. d. In the majority of states, a promise by a father to pay someone for rendering emergency services to his injured son before the father had arrived at the accident scene.
The Sherman Act and the Federal Trade Commission Act
A. are just different names for the same thing: a law proposed by Sherman to establish the Federal Trade Commission. B. are quite different, with the FTC Act focusing on stopping deceptive business practices and the Sherman Act focusing on controlling monopolies. C. are not taken seriously, since there are no penalties for violations. D. were passed to make it difficult for small companies to win customers away from large companies. E. were passed to protect consumers from abuses by business, rather than to protect some businesses from others who had an "unfair" advantage.
An advantage of the ________ method of inventory valuation is that it tends to smooth out the effect of erratic changes in costs.
Fill in the blank(s) with the appropriate word(s).