In some organizations, R&D teams have been set up to expedite innovation and creative new product design. Originally coined by a Lockheed engineer during World War II, such groups are referred to as:
A. Scentworks
B. Stinkworks
C. Stenchworks
D. Skunkworks
Answer: D
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An activity-based costing system should be evaluated with regard to the benefits it can provide an organization versus the costs of implementing it
Indicate whether the statement is true or false
Which of the following is/are true concerning an employee stock options' time value element?
a. One cannot measure the amount of the element before the expiration date. b. Stock options with exercise prices less than the current market price of the stock have a higher value, other things equal, than stock options with exercise prices exceeding the current market price of the stock. c. Stock options that are "in the money" have a higher value, other things equal, than stock options that are "out of the money". d. A stock option whose exercise price exceeds the current market price has economic value because of the possibility that the market price will exceed the exercise price on the exercise date . e. none of the above
All of the following are reasons why using financial statement ratios is easier than analyzing the financial statement numbers themselves, except:
a. any unexpected changes in ratios that do not make sense are attributable to fraud. b. ratios involve small, easily understood numbers that are sensitive to changes in key variables. c. benchmarks for most ratios are well known. d. All of the choices are true of ratios.
As per the economic entity assumption, an organization and its owners should be seen as the same entity
Indicate whether the statement is true or false