The structures and processes in a society that make and apply policies and rules are called business.
a. true
b. false
Answer: b. false
You might also like to view...
A computer-administered survey is one in which computer technology plays an essential role in the interview work, in all cases, completely eliminating the need for a personal interviewer
Indicate whether the statement is true or false
Which of the following would be considered as a non-financial performance measurement
a. Cost of engineering changes. b. Variances from standards. c. Increase in market share. d. Number of customer complaints.
Standardized wages tied to jobs rather than individuals, reduces ______________________ flexibility.
Fill in the blank(s) with the appropriate word(s).
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of depreciation that should be allocated to Grinding for the current period is:
A. $7,500. B. $40,000. C. $20,000. D. $25,000. E. $12,500.