Explain the concept of decentralization
What will be an ideal response?
Decentralizing pushes decision making down to lower levels and can occur separately or be combined with delayering. By granting lower-level managers the autonomy to make decisions, those managers have the opportunity to involve their direct staff in diagnosis, thus eliminating hierarchical levels that more typically exist between workers and managers.
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Which of the following is true of available-for-sale (AFS) investments?
A) They are always reported as current assets in the balance sheet. B) They are always reported as long-term assets in the balance sheet. C) They are reported as current assets on the balance sheet only if the business expects to sell them within the first two years. D) They are reported as long-term assets on the balance sheet only if they are planned to be held for longer than a year.
The component of expense ratios that includes a fee charged by some mutual funds to pay brokers is
A) a management fee. B) a 12b-1 fee. C) an administrative expense. D) a referral fee.