Which of the following is necessary for any valid performance measurement?
a. It must be part of the financial accounting system in use.
b. It must be quantifiable.
c. Goal congruence must be promoted by its use.
d. It must be financial in nature.
C
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The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount
a. True b. False Indicate whether the statement is true or false
When voluntary export limits are imposed on the world's chief exporter
a. the exports of the nonrestrained suppliers may be deterred. b. a trade diversion effect may occur. c. the exports of the non-restrained suppliers may not be deterred. d. a trade diversion effect will not occur.
A restaurant decides to offer a lunch buffet instead of a la carte ordering. Which of the following is not a co-production benefit of the restaurant’s decision?
a. Increase in cost efficiency from being able to serve more customers without needing more waitstaff b. Increase in guests’ perceived control since they can choose their favorite foods in their preferred quantities from the buffet c. Increase in production efficiency from utilizing a kitchen that might otherwise be more idle d. Increase in inventory efficiency from minimizing food waste
Describe how Marshall McLuhan’s classical medium theory describes the Electronic Age.
What will be an ideal response?