Answer:
True
Explanation:
Henri Fayol developed the theory for Scientific Management. He Introduce the 14 principles of management. One of the principle was Unity of Command.
According to this principle there must be only one superior to one subordinate that is one boss for only one worker. This is just a step taken to safe workers to get orders from more than one boss and overcome the situation of confusion and dilemma and mismangement.
In this case Troy's view regarding one boss for one worker on the basis of Fayol's principle of unity of command is absolutely <u>True.</u>
Answer:
<h2>The correct answer here would be the 1st option given in the answer choices or options or They do not include theft and shrinkage.</h2>
Explanation:
- From a business standpoint, normal shortages basically indicate comparatively lower inventory availability of goods and services based on their consumer demand or respective sales orders by consumers or buyers.
- Normal shortage implies that the amount or units goods and services available to the company or firm is not sufficient to fulfill the required consumer or buyer demand for those commodities or services.However,while calculating or computing normal shortage, any unwanted thefts and shrinkage or inadvertent damages of the concerned commodities or goods are not usually considered.
Answer:
Ellen services is included in U.S. GDP
Explanation:
Domestic work that is not paid is not included in the calculation of a country's GDP. That's the case with Sam household works.
All the compensation to employees are considered in GPD computation, it is not important the nationality of the employee, but the work must be done in the U.S. and that's the case with Ellen.
Answer:
<u>Year end Closing journal Entries:</u>
Dr. Cr.
1.
Sales revenue $880,000
Income Summary $880,000
2.
Income Summary $808,000
Cost of goods sold $580,000
Salaries expense $155,000
Rent expense $49,000
Interest expense $24,000
Retained earning is an equity account and it is also a permanent account which will not close.
Answer:
The correct answer is: are costs that have already been paid and cannot be recaptured in any significant way.
Explanation:
Sunk costs are the costs that have already been incurred in the past and cannot be recovered. These costs should not matter while making decisions as they have already been incurred.
That is why these costs are not considered while making business decisions. They are considered as irrelevant to current decisions that are in direct contrast to relevant cost which are costs that are yet to be incurred in the future.