If your main supplier was late in delivering goods, which type of system would you use to update your production schedule?
A) ESS
B) TPS
C) MIS
D) DSS
B
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Which of the following is an attribute of the internal control procedure—assignment of responsibilities?
A) To validate their accounting records, a company should have an audit by an external accountant. B) The company should separate the custody of assets from accounting. C) The external auditors will monitor internal controls. D) Each position has clearly assigned responsibilities.
Rogers Manufacturing sells an old machine to KSS Corp which is having financial difficulty. Rogers agrees to accept payment over 3 years. The adjusted basis of the machine to the seller is $5,000 and the buyer is expected to make payments of $2,000 per year for 3 years. What amount of net profit is recognized by the seller in year 3 if the seller uses the installment method? (Assume that the
buyer makes the payments.) a. $2,000 b. $1,000 c. $333.33 d. $0 e. $666.67
Unlike buyers in business markets, buyers in consumer markets tend to:
a. purchase in much larger quantities. b. generate more stable demand trends. c. approach purchasing more informally. d. involve more people in a single purchase decision.
According to your text book, why was Mary Parker Follett unique amongst her contemporaries?
a. Because she saw that the central questions of organization turned on questions of power, legitimacy and authority b. Because she was the first to separate power from hierarchy c. Because she showed managers how power could be used to make workers work harder with less d. Both A and B 24 d