Unlike the organic model, there is a definite chain of command, employees tend to work separately rather than collaborating, and there is very little communication between lower-level employees and the higher management. This describes which organizational structure?
What will be an ideal response?
Mechanistic model
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Collateral is a(n) ________ that a borrower promises to give to the bank if that borrower is unable to repay the bank’s loan.
A. document B. liability C. asset D. interest payment
Goods on consignment are
a. recorded in a consignment out account which is an inventory account. b. included in the consignee's inventory. c. recorded in a consignment in account which is an inventory account. d. all of these.
Which of the following is not an example for safeguarding inventory?
A) Storing inventory in restricted areas. B) Physical devices such as two-way mirrors, cameras, and alarms. C) Matching receiving documents, purchase orders, and vendor's invoice. D) Returning inventory that is defective or broken.
Barnett Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below.ActivityCostCost DriverMaterial handling$225,000 Number of partsMaterial insertion 2,475,000 Number of partsAutomated machinery 840,000 Machine hoursFinishing 170,000 Direct labor hoursPackaging 170,000 Orders shippedTotal$3,880,000 The following information pertains to the three product lines for next year: Economy Standard DeluxeUnits to be produced 10,000 5,000 2,000 Orders to be shipped 1,000 500 200 Number of parts per unit 10 15 25 Machine hours per
unit 1 3 5 Labor hours per unit 2 2 2 What is Barnett's pool rate for the material-handling activity? A. $2.25 per part. B. $6.62 per labor hour. C. $13.23 per part. D. $1.00 per part. E. None of the answers is correct.