The process of assigning meaningful authority and responsibility to managers and employees lower in the hierarchy is called
A. designation.
B. accountability.
C. delegation.
D. execution.
E. allocation.
C. delegation.
Delegation is the process of assigning managerial authority and responsibility to managers and employees lower in the hierarchy.
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Which of the following describes the risk assessment component of internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.
Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each of these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. Based on this information, at the optimal production point what is the quantity of tropical plywood panels that Diamond Plywood will produce?
A. 850 B. 450 C. 350 D. 200
A statement of future intent—"I plan to sell my car"—is an offer
a. True b. False Indicate whether the statement is true or false
____________________ is avoiding any extra embellishments or seductive ornamentation.
a. Innovative design b. Minimalist design c. Image design d. Baroque design