Bernadette calls Cynthia into her office and says, "We need to change how we're handling orders for raw materials in the plant. Right now we're consistently running at least 25 percent over budget, supplies are coming in behind schedule, and there have been issues with quality control as well. I'd like you to take this over. Talk to the line managers, evaluate options, get some competitive bids, and then give me a report with your recommendations by next Tuesday." This is an example of
A) concentration.
B) centralization.
C) delegation.
D) brokering.
E) standardization.
C) delegation.
Explanation: Delegation is perhaps the most fundamental process of management because it entails getting work done through others. It is important at all hierarchical levels. The process can occur between any two individuals in any type of structure with regard to any task.
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Indicate whether the statement is true or false
If a firm has substantial capital or financing leases disclosed in the notes but not capitalized in the financial statements, then:
a. the times interest earned ratio will be overstated, based upon the financial statements. b. the fixed charge ratio will be overstated, based upon the financial statements. c. the debt ratio will be understated. d. the working capital will be understated. e. None of the answers are correct.
Your annotated presentation should leave out:
a. your blueprint slide b. your first moving blueprint slide c. all moving blueprint slides d. none of the above
Williams Enterprises prepaid six months of office rent totaling $8,000 on October 1, 2017. Assuming Williams records deferred expenses using the alternative treatment, what would be the entry on October 1, 2017?
A) Debit Prepaid Rent and credit Cash for $8,000 B) No entry is needed until the expense is incurred C) Debit Cash and credit Unearned Rent for $8,000 D) Debit Rent Expense and credit Cash for $8,000