Explicit knowledge and tacit knowledge represent the "know how" that an organization has available to use, invest, and grow
a. True
b. False
Indicate whether the statement is true or false
True
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Functional departmentalization involves organizing departments around ______.
a. essential input activities b. goods and services c. essential output activities d. whatever arrangement functions best in the current environment
A major mining company owns a mining subsidiary in South America, where the government enforces stringent control over cash payments outside the country. The parent cannot control all the assets of the subsidiary, despite owning a majority of the voting shares, but should prepare consolidated statements with the subsidiary
Indicate whether the statement is true or false
A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?
A) $17,500 B) $37,500 C) $18,750 D) $16,667
During a period of increasing purchase prices, which inventory costing method will yield the lowest cost of goods sold?
A) Any method in which the company uses a periodic system. B) FIFO C) LIFO D) Weighted average cost