Describe five advantages of decentralization.
What will be an ideal response?
(1) Better use of local knowledge; (2) faster response; (3) wiser use of top management's time; (4) reduction of problems to manageable size, and (5) training, evaluation, and motivation of local managers.
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The cumulative effects of other comprehensive income items may be reported separately from retained earnings and paid-in capital, on the balance sheet, as accumulated other comprehensive income
a. True b. False Indicate whether the statement is true or false
Yount, Inc issues $400,000 of 20-year, 9 percent bonds at 95. Interest is paid semiannually, and the effective interest method is used for amortization. Assume that the market interest rate for similar investments is 10 percent and that the bonds are
issued on an interest date. a. What amount was received for the bonds? b. How much interest is paid each interest period? c. How much bond interest expense is recorded on the first interest date (after the issue date)? d. What is the carrying value of the bonds after the first interest date (after the issue date)?
The Sarbanes-Oxley Act makes it a crime to retaliate against someone who blows the whistle on any federal offense
a. True b. False Indicate whether the statement is true or false
Coca-Cola wants its product available everywhere-grocery stores, convenience stores, restaurants, and vending machines. The more exposure the products get, the more they sell. The company is employing a (an) ________ strategy.
A. contractual distribution B. selective distribution C. surplus distribution D. exclusive distribution E. intensive distribution