An agreement to create a monopoly is illegal and violates antitrust laws
Indicate whether the statement is true or false
T
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A(n) ____________________ has the potential of becoming a real liability depending on future events
Fill in the blank(s) with correct word
An advertising company tries to foster as much creativity as possible. It asks for input from all employees and encourages group work where everyone can work toward a common goal they develop. Employees are not punished when ideas don’t work out. What management approach does this company practice?
A. Behavioral science approach B. Human resources perspective C. Traditional management practices D. Scientific management E. Administrative principles approach
Policies
A. prescribe how certain activities will be carried out. B. assure that all budgets will be prepared using the same format. C. specify detailed standards for guiding behavior. D. are prepared in advance of, and to provide input for, strategic plans. E. are broad guidelines used to assist lower-level managers to handle recurring problems.
City Medical Clinic has two service departments, Building Services and Energy, and three operating departments, Pediatrics, Geriatrics, and Surgery. The clinic allocates the cost of Building Services on the basis of square footage and Energy on the basis of patient days. No distinction is made between variable and fixed costs. Budgeted operating data for the year just completed follow:??Service DepartmentsOperating Departments??Building ServicesEnergyPediatricsGeriatricsSurgery?Budgeted costs before allocation$30,000$15,000$135,000$90,000$150,000?Square feet2,0008,00012,00036,00024,000?Patient days??2,7503,8504,400Required:a. Prepare a schedule to allocate service department costs to operating departments by the direct method (round all dollar amounts to the nearest
whole dollar).b. Prepare a schedule to allocate service department costs to operating departments by the step-down method, allocating Building Services first (round all amounts to the nearest whole dollar). What will be an ideal response?