Which of the following is an example of a task transfer?
A. a flexible manufacturing unit that is required to manufacture another product because of a sudden spike in the product's demand in the market
B. a project whose objectives have been broken down to grouped tasks to be handled by specific departments
C. a firm that has eliminated its customer-service department and has made its sales representatives responsible for resolving customer queries
D. an employee who has been shifted to a different department with different responsibilities and duties
E. a firm that bases its toll-free customer care service for technical problems in a different country because it offers cheap, skilled labor
Answer: E
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Under which of the following conditions does the equipment lease qualify for capital lease accounting?
a. The lease contains a bargain purchase option. b. The lease term is equal to or greater than 75% of the asset's economic life. c. A, and B are correct answers. d. The lease transfers ownership to the lessee at the end of the lease term.
The use of either absorption or variable costing will make little difference in companies
a. with large inventories. b. using JIT. c. with high fixed costs. d. with high variable costs.
Everyday business words like ‘headquarters’, ‘heads of department’ reflect the image of organizations as ___________.
a. Hierarchies b. Superior c. Designed d. Barber shops
Which act created the NASD to regulate the OTC market?
a. Securities Act of 1933 b. Securities Exchange Act of 1934 c. Maloney Act d. Investment Company Act e. Securities Investor Protection Act