Which of the following is true of the formal communication network??
A) ?It is the most lenient of all communication networks.
B) ?It has a reputation for being speedy but inaccurate.
C) It is dictated by the managerial, technical, cultural, and structural environment of an organization.?
D) ?It undergoes continual changes and does not parallel the organizational chart of an organization.
C
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Partnerships:
A. are taxed on their operations at the same level as corporations. B. cannot save income tax even if losses are anticipated in the early years of business. C. need to pay privilege taxes to do intrastate business in another state. D. are not required to pay corporate franchise taxes.
Management accounting data may be gathered for small segments or large divisions and may be expressed in units of measurement other than historical dollars
Indicate whether the statement is true or false
Which of the following accounts would be closed at the end of the accounting period with a debit?
A. Operating Expenses. B. Cost of Goods Sold. C. Sales Returns and Allowances. D. Sales. E. Sales Discounts.
The Revised Act explicitly requires a corporations's charter to authorize:
a. one or more classes of shares that have limited voting rights. b. one or more classes of shares that together are entitled to receive the net assets of the corporation upon dissolution. c. Both are correct. d. nothing. The Revised Act only recommends, not requires, the charter contents.