The ________ principle states that a person should have only one boss to avoid confusion.
A) mutual adjustment
B) division-of-labor
C) dynamic network
D) coordination-by-plan
E) unity-of-command
E) unity-of-command
Explanation: Many of the disadvantages of the matrix organization stem from its inherent violation of the unity-of-command principle, which states that a person should have only one boss. Reporting to two superiors can create confusion and a difficult interpersonal situation unless steps are taken to prevent these problems from arising.
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In reconciling a bank statement, the bank balance is $1,500, and the checkbook balance is $2,105. Which of the following is the most probable reason for the checkbook balance being larger than the bank balance?
A) The bank has not cleared certain outstanding checks. B) The bank has added interest revenue to the account balance. C) A deposit in transit was made at the end of the month. D) The bank received an EFT from a customer.
Nielsen Cargo Company recently exchanged an old truck, which cost $108,000 and was one-third depreciated, and paid $70,000 cash for a similar truck having a current fair value of $130,000 . The exchange lacked commercial substance. At what amount should the truck be recorded on the books of Nielsen?
a. $70,000 b. $108,000 c. $130,000 d. $142,000
Which of the following conditions would cause the break-even point to decrease?
A) Total fixed costs increase B) Unit selling price decreases C) Unit variable cost decreases D) Unit variable cost increases
What did the FDA mean by saying that Beech-Nut played a "cat and mouse game" with the government?
a. That Beech-Nut helped the FDA nab the supplier b. That Beech-Nut tried to hide the concentrate c. That Beech-Nut turned over the product but not its paper work d. None of the above