What managerial level has information flow that is vertical, horizontal, and external?
A. top
B. supervisory
C. middle
D. foreman
Answer: A. top
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On May 1, Cedar Inc purchases $150,000 of 10-year, Knox Corporation 8% bonds dated March 1 at 100 plus accrued interest. What entry would Cedar record when receiving its semiannual interest on March 1?
A firm normally gets into international marketing simply by shipping out its goods
Indicate whether the statement is true or false
The usual length of a brainstorming session is about four hours
a. True b. False Indicate whether the statement is true or false
Which of the following is a likely advantage in activity-based costing (ABC)?
A) A decrease in the need to maintain accurate cost driver information. B) A decrease in the need to maintain accurate overhead cost information. C) An increase in the ability to trace indirect costs to specific activities. D) As increase in the cost of accumulating, tracking, and assigning costs to products and services.