Which of the following determines when to declare dividends and in what amount?
A) The stockholders
B) The officers of the corporation
C) The board of directors
D) The state in which the corporation was chartered
C
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Primary value activities are standardized activities that accomplish a specific task, such as processing a customer's order.
Answer the following statement true (T) or false (F)
______________ accounting comes from the concept that management can manipulate the financial results of a company by adding or taking away reserves depending on the circumstances.
a. Hypothetical b. Lease accounting c. Cookie jar d. Virtual
Assume that Bubba orders 15 cases of BBQ chips from Mays Potato Chips for his restaurant, Bubba's BBQ. Mays ships 15 cases of regular chips by mistake. If Bubba decides to keep the regular chips, in spite of the nonconformity with the contract, then the destruction of the chips when a water pipe breaks in the food storage room will result in:
a. Mays' having to bear the loss, because it shipped nonconforming goods to Bubba. b. Mays' having to bear the loss, because it failed to insure the chips. c. Bubba's having to bear the loss, because he accepted delivery of the nonconforming chips. d. Bubba's having to bear the loss, because it was a sale on approval contract.
The level scheduling strategy allows lower inventories than the pure chase strategy
Indicate whether the statement is true or false