Asset disposal
a. occurs as soon as an asset is fully depreciated
b. requires no special authorization
c. automatically initiates the purchase of a replacement asset
d. must follow formal authorization procedures
D
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The Hometown Dog Groomer offered a free flea dip to its regular customers. The owner had extra employees to deal with the crowd but provided only one dip tank, which slowed down the process. What could the owner do to deliver the desired service level?
A. Offer incentives to customers. B. Provide instrumental support. C. Adopt an antagonistic attitude toward customers. D. Assure the customers of better service in future. E. Plan for a better resource-to-yield output.
Answer the following statements true (T) or false (F)
1. Because decision makers have been out of school the longest, they are typically the ones who are most uncomfortable and unfamiliar with new technology. 2. The more a job deals with ambiguous and uncertain situations, the more information is needed to provide quality service product. 3. Employee empowerment to fix service failures at the point of failure reduces the need for tracking information up through management for decisions to be made later. 4. The best way to manage information is to keep it in the hands of the managers who make those decisions.
When the usefulness of plant assets used to extract natural resources is directly related to the depletion of a natural resource, their costs are depreciated using the units-of-production method of depreciation.
Answer the following statement true (T) or false (F)
For each of the following business, explain how a revenue journal might be modified for the specific business. 1. Jon's Auto Repair Business 2. Esquire Movie Theater 3. Beach Hut Snack Bar, Restaurant, and Lounge