For a retail firm that sells clothing, which of the following would be considered part of the cost
of goods sold?
A) price paid for dresses to be sold
B) freight
C) wages paid to sales clerks
D) A and B above
E) all of the above
D
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Which of the following describes the cash budget?
A) It aids in planning to ensure the company has adequate inventory and cash on hand. B) It captures the variable and fixed expenses of the business. C) It depicts the breakdown of sales based on terms of collection. D) It helps in planning to ensure the business has adequate cash.
The major difference between a traditional and a goal-oriented job description is that the traditional job description _____
a. relates each job to overall organizational goals b. limits a worker's activities to those listed c. details informational flows d. describes the interdependence of job positions