________ provide employees with standing instructions for performing their jobs, comprise detailed explanations of how to do the work properly, and inform in what order it should be done.

A. Policies
B. Mission statements
C. Methods and procedures
D. Budgets


Answer: C

Business

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Which of the following statements is not true?

a. If one investment earns 8 percent compounded annually and another earns 8 percent simple interest, the amount of interest earned will be the same for both investments, provided the same amount is invested in each for one year. b. Simple interest cannot be calculated for periods of less than one year. c. Total interest earned will be greater when compound interest is applied than when simple interest is applied. d. None of these are not true.

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Which of the following is an advantage of decentralization?

A) It allows top-level management who normally work at corporate headquarters to get involved with the day-to-day decisions that need to be made at lower levels. B) It allows managers to focus on their own area of responsibility rather than what is best for the company as a whole. C) It allows decisions to be made in a more timely manner. D) It requires very little as far as manager training costs.

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Some high-end computers have 16 or more CPUs.

Answer the following statement true (T) or false (F)

Business

The basic elements of a contract are: offer, acceptance, consideration, genuine consent and court approval

a. True b. False Indicate whether the statement is true or false

Business