Discuss several actions that can have a positive influence on board of director dynamics as the board works to both oversee and advise management.

What will be an ideal response?


The actions include: (1) building the right expertise on the board; (2) keeping the board size manageable; (3) choosing directors who can participate fully; (4) balancing the need to focus on the past, the present, and the future; (5) considering management talent development; (6) getting a broad view; and (7) maintaining norms of transparency and trust.

Business

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Which of the following is not included in departmental product costs?

a. Costs identifiable with the department. b. Costs added by prior production departments carried to the department. c. Cost of sales and administrative departments that have been allocated to the production department. d. Costs of factory service departments that have been allocated to the production department.

Business

Delish Foods sells jars of special spices used in Italian cooking. The variable cost is $2 per unit. Fixed costs are $10,000,000 per year. It has $42,000,000 of average assets, and the desired profit is a 5% return on assets. Delish Foods sells 5,000,000 units per year. The company uses cost-plus pricing because it is the only company that produces this kind of product. Using cost-plus pricing methodology, determine the sales price per unit. (Round your answer to the nearest cent.)

A) $2.40 B) $4.42 C) $4.00 D) $2.00

Business

The Accumulated Depreciation's account balance is the sum of depreciation expense recorded in past periods

Indicate whether the statement is true or false

Business

Consider a local club selling Christmas trees. If demand is normal with a mean of 200 and a standard deviation of 50, how many trees should the club stock if service level must be greater than 95%?

What will be an ideal response?

Business