The Balanced Scorecard perspective that describes the economic consequences of actions taken in the other three perspectives is the ____ perspective
A) customer
B) process
C) learning and growth
D) financial
E) none of these
D
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Which of the following would be considered a recommendation?
a. The cost of the brick veneer will be seven percent more than aluminum siding. b. Even though brick veneer is more expensive, we understand it will be more durable over the years. c. Install brick veneer, since its slightly higher cost will be well offset by its durability. d. Both brick veneer and aluminum siding have their advantages.
The _______________ of an organization separates people geographically, hierarchically, or both; it builds and limits relationships by setting up lines of reporting and teams; and it defines employees’ responsibilities by outlining their area of influence and accountability.
What will be an ideal response?
Buyer Bob breaches his contract for the sale of goods with Seller Suzie. Suzie still has possession of the goods at the time of the breach. Suzie can refuse to deliver the goods and
a. resell the goods and sue Bob for the total contract price. b. either resell the goods or sue, but not both. c. resell the goods and sue for any loss on the sale plus incidental damages less expenses saved. d. resell the goods and sue only for incidental damages.
The business entity assumption:
A. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. B. Means that a business is accounted for separately from other business entities, including its owners. C. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. D. Means that we can express transactions and events in monetary, or money, units. E. Prescribes that a company record the expenses it incurred to generate the revenue reported.