Profit-sharing is a motivation and incentive system where executives receive stock options

Indicate whether the statement is true or false


FALSE

Business

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"Failure" points in the restaurant service blueprint provided in the chapter only occur in the backstage processes

Indicate whether the statement is true or false

Business

A machine was purchased for $5,000 on July 1, 2011 . If the salvage value was estimated at $200, the estimated life 5 years, and the declining-balance method of depreciation was used, what was the depreciation for 2011?

a. $100 b. $1,000 c. $1,920 d. $960 e. None of the above

Business

Activity-based budgeting assumes that activity cost varies with units of product

Indicate whether the statement is true or false

Business

A periodic rate cap limits adjustable-rate movements over only a single adjustment period

Indicate whether the statement is true or false

Business