In order to get approval for travel, employees must get their travel authorization signed by a manager before the travel authorization is sent to the finance office for approval. This is an example of what component of organizational structure?
A. departmentalization
B. span of control
C. chain of command
D. specialization
C. chain of command
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Specialty products are consumer products that
A. very few customers want or can afford to buy. B. consumers are willing to search for because they really want them. C. have elastic demand. D. are relatively expensive and purchased only rarely. E. All these answers are correct.
Relaxant Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the following statements is CORRECT?
A. Relaxant's shareholders (the ex-partners) will now be exposed to less liability. B. The company will probably be subject to fewer regulations and required disclosures. C. Assuming the firm is profitable, none of its income will be subject to federal income taxes. D. The firm's investors will be exposed to less liability, but they will find it more difficult to transfer their ownership. E. The firm will find it more difficult to raise additional capital to support its growth.
What is Regency's net working capital in 2012 and 2011?
A) $27 million; $12 million B) $315 million; $276 million C) $39 million; $27 million D) None of the above
The corporate alternative minimum tax was designed to insure that corporations with substantial economic income paid their fair share of the federal tax burden.
Answer the following statement true (T) or false (F)