Which of the following would most likely be found in an organization that uses a decentralized organizational structured?

• A.There is a defined code for employee behavior
• B.There are clear expectations set for employees
• C.There are electronic monitoring techniques employed
• D.There is a higher reliance on organizational culture

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Compared with another bond with the same risk and maturity but without a conversion feature, a convertible bond has a:

• A.Higher face amount.
• B.Lower face amount.
• C.Higher coupon rate.
• D.Lower coupon rate.

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The entity has an accounts receivable balance of:

• A.US $12
• B.US $26
• C.US $36
• D.US $66

Correct Answer: B

Total assets equal total liabilities and equity. Hence, if total assets equal US $100. Total liabilities and equity must equal US $100, and current liabilities must equal US $30 $100 $40 - $30). Because the quick ratio equals the quick assets cash + accounts receivable) divided by current liabilities, the quip-k assets must equal US $36 $30 x 1.2 quick ratio), and the accounts receivable balance is US $26 $36 I- $10 cash). An entity has a current ratio of 14, a quick, or acid test, ratio of 12, and the following partial summary balance sheet:

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A company stocks, maintains, and distributes inventory.
The company decides to add to the safety stock and expedite delivery for several product lines on a trial basis.
For the selected product lines the company will experience:

• A.An increase in some costs but no change in the service level.
• B.A change in the service level.
• C.An increase in ordering, carrying, and delivery costs.
• D.decrease in ordering, carrying, and delivery costs.

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Which of the following actions is most likely to gain support for process change?

• A.Set clear objectives.
• B.Establish key competencies.
• C.Engage the various communities of practice within the organization.
• D.Demonstrate support from senior management.

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