Which of the following is most important in determining whether a principal is liable to a third party for an agent's actions?
A) whether the principal provided safe working conditions
B) whether the principal had a record of indemnifying his or her agents
C) whether the principal was disclosed to the third party
D) whether the agent had abided by the duty of loyalty
C
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Select the term from the list that best matches the description or definition. Enter the number of the best answer in "Your Answer" column.Your AnswerDefinition or DescriptionTerm?A. Practice of holding a manager responsible for revenue and expense items over which he or she exercises predominant control1. Controllability concept?B. Type of responsibility center where the manager influences only costs and is held accountable for a specific output at a given level of cost2. Cost center?C. Measure of the ability of a firm or segment within a firm to utilize available resources effective to generate a positive return for shareholders3. Decentralization?D. Situation that motivates a manager to act in his or her own best interest even though the corporation as a whole may suffer4.
Investment center?E. The point in an organization where the control over revenue or expense items is located5. Management by exception?F. Type of responsibility center where the manager can influence revenues, expenses, and capital invest in his or her center to attain the best performance possible6. Profit center?G. Type of responsibility center where the manager can influence both revenues and expenses for his or her center7. Residual income?H. Approach that evaluates a manager on his or her ability to maximize the dollar value of earnings above some targeted level of earnings8. Responsibility center?I. When variances from the budget are emphasized in reporting procedures so that management concentrates its attention on those variances from the budget9. Return on investment?J. Practice of delegating authority and responsibility for the operation of business segments10. Suboptimization What will be an ideal response?
A debit is used to record an increase in all of the following accounts except:
A. Dividends B. Prepaid Insurance C. Supplies D. Accounts Payable E. Cash
Global competition has driven all but which of the following?
a. pressure to increase the size of the labor force employed by individual businesses. b. pressure to increase product quality. c. pressure to increase the use of technology in the production processes. d. pressure to reduce labor costs.
An electronics manufacturer makes video security systems for parking lots. Demand estimates for the next four quarters are 15, 9, 23, and 17 units
The company is preparing an aggregate plan that uses inventory, regular time, overtime, and back orders. Subcontracting is not allowed. Regular time capacity is 12 units for quarters 1 and 2, 15 units for quarters 3 and 4. Overtime capacity is 6 units per quarter. Regular time cost is $20,000 per system, while overtime cost is $30,000 per unit. Back order cost is $2000 per system per quarter; inventory holding cost is $500 per unit per quarter. Beginning inventory is zero. Complete the table of data inputs for solving this aggregate planning problem with the transportation method. Specifically, how many sources are there, and how many destinations? What is the supply from each source, and the demand of each destination? What is the cost of each source-destination pair?