An objective of activity-based management is to:
a. Eliminate the majority of centralized activities in an organization.
b. Reduce or eliminate non-value-added activities incurred to make a product or to provide a service.
c. Institute responsibility accounting systems in decentralized organizations.
d. All of the above.
b
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Which of the following bond mutual funds has both the highest default risk and the highest interest rate risk?
A) Long-term Treasury B) Short-term Ginnie Mae C) Short-term corporate D) Long-term high-yield
Khalil and Jasmin sign a prenuptial agreement that provides for any dispute to be arbitrated according to Islamic law. When a dispute arises over the parties' marital property in Iowa, Jasmin files a suit in an Iowa state court to contest the arbitration provision. According to rulings in other states' courts in similar cases, the provision will most likely be
a. enforced. b. rewritten to remove the Islamic law clause. c. struck down as outside the common legal framework of our society. d. suspended while the court considers an equitable result.