A responsibility accounting system provides information to top management about the
a. organizational responsibilities of each subunit manager.
b. performance of each organizational subunit and its manager.
c. ability of each subunit manager to ensure a satisfactory cost to revenue relationship.
d. all of the above.
B
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The statement "You won't have to stop at the gas station as frequently with our full-size truck," is an example of a(n):
A. segmentation variable. B. market trait. C. product benefit. D. product advantage. E. product feature.
A voting trust permits a concentration of corporate control in one or more persons
a. True b. False Indicate whether the statement is true or false
On January 2, Year 1, Torres Corporation issued 20,000 shares of $10 par-value common stock for $11 per share. Which of the following statements is true?
A. The Paid-in Capital in Excess of Par Value account will increase by $20,000. B. The Cash account will increase by $200,000. C. Total stockholders' equity will increase by $200,000. D. The Common Stock account will increase by $220,000.
Gladia is fond of shopping. However, most of the time she does not have cash at her disposal. Gladia hence purchases items by using a card issued by her bank that allows her to pay later. In the given scenario, Gladia is using a _____.
A. debit card B. loyalty card C. fleet card D. credit card