In what order would the assets of Mertz Company be listed on their balance sheet?
A. Cash, Accounts Receivable, Inventory, Plant and Equipment.
B. Cash, Inventory, Accounts Receivable, Plant and Equipment
C. Cash, Accounts Receivable, Plant and Equipment, Inventory
Ans: A. Cash, Accounts Receivable, Inventory, Plant and Equipment.
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Which of the following is true of Frederick Taylor’s contributions to scientific management as an approach to management?
A. Taylor believed that supervisors could be motivated to provide training to underperforming workers. B. Taylor created the Gantt chart, which helps managers plan projects by task and time to complete those tasks. C. Taylor developed a system to lower costs and increase worker productivity by showing how employees could work smarter, not harder. D. Taylor focused less on the technical and more on the human side of management. E. Taylor advocated the use of the differential piecerate system.
An agency relationship can be established by all of the following except:
a. agent volunteering. b. oral agreement. c. implied statement of law. d. agreement of principal