In the ABC analysis, the A group items are the least critical

Indicate whether the statement is true or false

FALSE

Business

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A plant asset cost $27,000 when it was purchased on January 1, 2008. It was depreciated by the straight-line method based on a 9-year life with no salvage value. On June 30, 2015, the asset was discarded with no cash proceeds. What gain or loss should be recognized on the disposal?

A. No gain or loss B. $4,500 loss C. $3,000 gain D. $6,000 loss

Business

Karen Jobs is a supervisor who deals directly with a group of production line workers. She spends several hours each week developing specific work assignments and production schedules for the coming week so that the production department can meet its short-term production objectives. This suggests that a significant component of Karen's job involves:

A. strategic planning. B. contingency planning. C. tactical planning. D. operational planning.

Business