Management decisions are based primarily on quantitative data because the qualitative factors are usually not relevant to the decision-making process
Indicate whether the statement is true or false
FALSE
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"Responsibility accounting" is the concept that says:
A) managers should be held entirely responsible for all investment decisions that impact the particular segment in which they are in charge. B) managers should be held responsible for only those things under their control. C) managers should never be held entirely responsible for things that happen within the particular segment in which they are in charge. D) managers should be responsible for both revenues and costs of their particular segment.
Which of the following is an advantage to a private equity buyout?
A) They are subject to the controversial regulations included in the 2002 Sarbanes-Oxley Act. B) The CEOs frequently have more time and flexibility to enact changes need to turn around subpar companies. C) Both A and B. D) Neither A nor B.
Jill's ordered 1,000 boxes of white paper for use in copying machines. The Paper Company delivered 1,000 boxes of orange paper. Jill's rejected the order but had to put the boxes in storage for two weeks until Paper could get the paper and deliver the right paper. Jill's lost sales to Kingaroos while waiting for the right paper. Suing Paper, Jill's may recover:
a. the reasonable costs of inspecting the goods b. the reasonable costs of storing the paper c. punitive damages d. the reasonable costs of inspecting the goods and of storing the paper e. all of the other choices would be possible
Firms with a high degree of operating leverage are
A) easily capable of surviving large changes in sales volume. B) usually trading off lower levels of risk for higher profits. C) significantly affected by changes in interest rates. D) trading off higher fixed costs for lower per-unit variable costs.