Which of the following is NOT one of Fayol’s principles?
A. discipline
B. division of work
C. cultural diversity
D. authority
C. cultural diversity
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The original cost of an asset plus the trade-in or salvage value of an asset equals the depreciable cost of that asset
Indicate whether the statement is true or false
Match the appropriate definition a through h with the following terms:(a)A department whose manager is judged on the ability to generate revenues in excess of the department's costs. (b)A department or unit that generates revenues and incurs costs, in which the manager is also responsible for investments made in operating assets.(c)Set up to control costs and evaluate managers' performances by assigning costs to the managers responsible for controlling them.(d)Compares actual and budgeted costs and expenses under the control of a manager.(e)A department whose manager is judged on the ability to control costs by keeping them within a satisfactory range. (f)A measure of departmental sales less direct expenses. ________ (1) Investment center________ (2) Performance
report________ (3) Cost center________ (4) Departmental contribution to overhead________ (5) Profit center________ (6) Responsibility accounting system What will be an ideal response?
In a noncompete agreement, the term "ancillary" means that
a. both parties must have a stake in the outcome. b. the agreement is harmless to the general public. c. the noncompetition agreement must be part of a larger agreement. d. the noncompetition agreement is unfair to the employee, but not the employer.
The interval labeled "E" in the diagram is:
A) production cycle. B) production run length. C) shipping lead time. D) inventory fill rate.