The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called:
A) absorption cost analysis
B) variable cost analysis
C) capital investment analysis
D) cost-volume-profit analysis
C
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Why is the separation of duties an important control activity in a good system of internal control?
Answer the following statements true (T) or false (F)
1. The need for change can always be identified by looking at an organization’s external environment. 2. A tight congruence within an organization should be its number one priority. 3. Large change projects and incremental changes face drastically different challenges. 4. Greiner believes that rapid, discontinuous changes are disruptive and detrimental to organizations and can be avoided by careful management.
The difference between the assignment and the transportation problem is that:
A) total supply must equal total demand in the assignment problem. B) the number of origins must equal the number of destinations in the transportation problem. C) each supply and demand value is 1 in the assignment problem. D) both A and B
What order does the classification follow when there are two possible classifications for goods?
A) The latest heading that occurs in the schedule; essential character of the goods; their relative specificity B) Essential character of the goods; relative specificity; the latest heading that occurs in the schedule C) Relative specificity; the latest heading that occurs in the schedule; essential character of the goods D) Relative specificity; essential character of the goods; the latest heading that occurs in the schedule