Consider a bakery like Entenmann's: The majority of the ________ costs are the cost of the ingredients, primarily flour.
A. fixed
B. inelastic
C. prestige
D. variable
E. incidental
Answer: D
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Which of the following was a positive feature of bureaucracy, according to Max Weber?
A. Generalists in the workplace. B. A flat organization with little hierarchy of authority. C. Hiring and promotion based on social status. D. Clear division of labor. E. Flexible rules and procedures.
The master budget is a
a. static budget. b. flexible budget. c. qualitative expression of a prior goal. d. qualitative expression of a future goal.
If a company used the indirect method in the statement of cash flows, a loss on the sale of plant, property and equipment is an:
a. operating cash outflow. b. operating cash inflow. c. investing cash outflow. d. investing cash inflow.
Explain the differences between a "think-global, act-global" strategy and a "think-global, act-local" strategy.
What will be an ideal response?