Which of the following is an important attribute for a product development team to function effectively and meet all of its development milestones?
A. It should be led by a "heavyweight" project manager who has high status within the organization.
B. The team members should always be physically in diverse locations in order to cover multiple bases.
C. It should have preset processes for communication and conflict resolution that are developed by top management.
D. It should have at least three members from each key function included.
E. Its team members should be a part of more than two cross-functional teams.
A
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Answer the following statements true (T) or false (F)
1. The useful life of a plant asset is the length of the service period expected from the asset. 2. Estimated residual value is not depreciated because the company is guaranteed to receive this amount when the asset is sold. 3. Estimated residual value can be zero if the company does not expect to receive anything when 4. When a business uses the straight-line method of depreciation, the amount of depreciation is reduced from year to year. 5. The book value of a plant asset is reported on the balance sheet as the cost of the asset minus accumulated depreciation.
Sturbridge Company manufactures fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following is an indirect cost, assuming the cost object is the Clock Department?
A. Salary of the clock production supervisor B. Depreciation on clock-making equipment C. Depreciation on the factory building D. All of the answers are correct.
Which of the following is/are true about amounts received from shareholders for the firm's shares when the firm first issued them?
a. The firm assigns the par value of a share of stock at an amount it chooses. b. Par values are typically small, often $1 or less per share. c. Par values are rarely equal the amounts the firm receives when it issues the shares. d. The sum of the par value amount and the additional paid-in capital amount is the total amount received from shareholders. e. All of these answers are true.
___________ is the foundation for innovation
a. Propensity for risk b. Experimentation c. Creativity d. Organizational architecture e. Product leadership