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Which of the following is not an advantage of decentralization? Lower level managers are trained for increased responsibilities Managers are motivated to improve productivity Upper-level
- Which of the following is not an advantage of decentralization?
- Lower level managers are trained for increased responsibilities
- Managers are motivated to improve productivity
- Upper-level managers are able to concentrate on important decisions
- All of these are advantages of decentralization
- When comparing EOQ and JIT inventory systems, which of the following statements is false?
- The EOQ system assumes a variable order quantity
- The EOQ system focuses on acquisition and holding costs
- JIT argues that inventory investments should be minimized
- The EOQ approach takes the viewpoint that some inventory is necessary
- JIT argues that safety stocks are unnecessary
- Which of the following statements regarding responsibility accounting is not correct?
- It is most effective in a centralized business structure where senior managers exert control over various segments of a companys operations
- It calls for the preparation of responsibility reports listing the budgeted and actual revenue and/or expense items over which the manager has control
- It requires top management to focus on long-term planning for the entire company and delegates the authority for implementing that plan to lower levels of management
- It calls for the preparation of report containing detailed information regarding the performance of a responsibility center
- A factory that makes a part has no idle capacity. The factorys opportunity cost of making this part is equal to?
- The fixed manufacturing cost per unit
- Zero
- The total manufacturing cost per unit
- The contribution margin per unit of a product that is not made
- The variable manufacturing cost per unit
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