A company in the process of liquidation meets the requirements under the going concern assumption
a. True
b. False
Indicate whether the statement is true or false
False
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When data on the inventory record indicate a need to replenish the stock, the inventory system prepares a(n) ______________________________
Fill in the blank(s) with correct word
Which of the following is not an important factor in determining the appropriate cost driver to use in allocating a cost?
A. The ability of the cost driver to allocate indirect costs to cost objects B. The availability of information about the cost and cost driver C. A cause-and-effect relationship between the cost and the cost driver D. All of the answers are important factors in determining the appropriate cost driver to use in allocating a cost
Basic management functions do not include:
a. Investing assets in productive ways that support the company's goals. b. Providing information to decision makers. c. Obtaining funds so that the company can continue operations. d. Establishing local business regulations and laws.
Which of the following is often not a disadvantage of decentralization?
A) Decreased job satisfaction for lower-level managers. B) Lack of coordination and communication between segments. C) Lack of company focus as lower-level managers may make decisions that benefit their own particular segment. D) Higher training costs for lower-level managers.