Entrepreneurs, in part because they are very busy, often fail to use ________, resulting in inadequate margins to support growth.
A. venture capital
B. a forward-thinking orientation
C. formal control systems
D. total quality management systems
E. an opportunity analysis
Answer: C
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Tactical control is performed mainly by
A. middle managers. B. top managers. C. the CEO. D. first-level managers. E. team leaders.
Firms almost always report asset impairment charges or restructuring charges in _____
a. income from continuing operations b. income, gains, and losses from discontinued operations c. extraordinary gains and losses d. retained earnings e. paid-in-capital
Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MarchRevenue $5,900$108,300Employee salaries and wages$49,500 $900$66,000Refurbishing materials $500$9,500Other expenses$40,300 $39,800?When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.?The spending variance for "Employee salaries and wages" for March would have
been closest to: A. $3,300 F B. $300 U C. $300 F D. $3,300 U
Every contract involves at least three parties
Indicate whether the statement is true or false