There are four basic elements in organizational design
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: There are six elements: work specialization, departmentalization, authority and responsibility, span of control, centralization and decentralization, and formalization.
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Which of the following statements regarding leases is CORRECT?
A) Capital leases are favored over operating leases because capital leases lower the debt ratio. B) A debit balance in the Leased Asset account on the balance sheet indicates an operating lease. C) Title is transferred to the lessee at the end of an operating lease term. D) If a lease does not meet one of the four exact criteria provided by U.S. GAAP guidelines, it is classified as an operating lease by default.
A type of financial derivative that would allow a firm to hedge against changes in interest rates over a 5-year period is a(n) ____
A) interest rate futures contract B) commodity soup C) interest rate swap D) interest rate put option