Describe the expectations of managers during periods of change.
What will be an ideal response?
Managers must play a significant role in managing change projects. They should continue to practice implementing change in order to learn by doing. They must shoulder the many emotions and reactions of others to dramatic change
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Freight-in is considered a cost of merchandise purchased
Indicate whether the statement is true or false
When using departmental special journals to accumulate information for departmental gross profit, which account would not be divided to show the activity of each individual department?
a. Sales b. Purchases c. Accounts Payable d. Purchase returns and allowances e. Freight-in
Review sites have proved to be disadvantageous to marketers as consumers can post negative comments publicly on these sites
Indicate whether the statement is true or false a. True b. False
Huang Consumer Products has a small car division that operates as a profit center
Below is a partially completed responsibility report for the first quarter. Responsibility Report Actual Flexible Budget Flexible Budget Variance U/F Percentage Variance U/F Sales Revenue $688,000 $700,000 Variable Expenses 309,000 322,000 Contribution Margin 379,000 378,000 Traceable Fixed Expenses 372,000 369,000 Division Margin $7,000 $9,000 Compute the percentage variance for the flexible budget variance for sales revenue. (Round your answer to two decimal places.) A) 1.71% F B) 1.71% U C) 4.04% U D) 4.04% F