The directors of X-lam Inc, a manufacturer of electric water heaters, meet to discuss ways to increase their net profit. They decide to manufacture electric toasters and thus invest in a new product line
This investment is an example of a(n) ________ decision.A) operational
B) strategic
C) managerial
D) procedural
B
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The purpose of reversing entries is to:
A. Ensure that closing entries have been properly posted to the ledger accounts. B. Simplify a company's recording of certain journal entries in the future. C. Correct errors made in previous journal entries. D. Make certain that only permanent accounts are carried forward into the next accounting period. E. Complete a required step in the accounting cycle.
Materials purchased on account during the month amounted to $195,000. Materials requisitioned and placed in production totaled $168,000. From the following, select the entry to record the transaction on the day the materials were bought
A) Materials 168,000Accounts Payable 168,000 B) Materials 195,000Accounts Payable 195,000 C) Materials 195,000Cash 195,000 D) Accounts Payable 195,000Materials 195,000
Once the design team is confident the new structure is feasible, which stage of the organizational design process begins?
a. Understanding the business climate b. Transforming the design c. Evaluating the design d. Setting the scene
The Romans developed the concept of a written code, which became known as the Justinian Code
Indicate whether the statement is true or false