The best definition for centralization is:
A) Decision making is done in each department and then sent to the President for the final
decision.
B) Decision discretion is pushed down to lower level employees.
C) Decision making is concentrated at a single point in the organization.
D) Decision making depends on the situation.
C
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On January 1, 2017, Zing Services issued $168,000 of six-year, 12% bonds when the market interest rate was 11%
The issue price of the bonds was $177,110. Zing uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? A) $10,627 B) $9,741 C) $10,080 D) $9,240
A questionnaire is an informal set of questions for obtaining information from respondents
Indicate whether the statement is true or false