A separate company unit responsible for its own cost and revenue is referred to as which of the following?
A) Centralized organization
B) Decentralized organization
C) Department
D) Job specialty
E) Profit center
Answer: E
Explanation: E) Departmentalization allows the firm to treat each department as a profit center, a separate company unit responsible for its own costs and profits.
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________ is the fraudulent conversion of property by a person to whom that property was entrusted
A) Bribery B) Extortion C) Embezzlement D) Forgery
Consider a noninstantaneous replenishment situation in which the production rate is 100 units per day, the demand rate is four units per day, and the economic production lot size is 500 units. Which of the following statements is TRUE?
A) The average cycle inventory is fewer than 225 units. B) The average cycle inventory is greater than 300 units. C) The rate of buildup in cycle inventory during the production cycle is fewer than 100 units per day. D) The rate of buildup in cycle inventory during the production cycle is greater than or equal to 400 units per day.