Homework Answers
Primary purpose of staff position is providing specialized assistance and expertise to line positions.
Line position is where the position has the responsibility and authority to acheive goals of an organization.
Controller clearly occupies staff position in an organization.
Therefore, first option is the correct answer.
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Which of the following positions does the controller occupy in an organization? Multiple Choice A staff...
Which of the following positions does the controller occupy in an organization? Multiple Choice Both a...
Which of the following positions does the controller occupy in an organization? Multiple Choice Both a line and a staff position A staff position. A line position Neither a line nor a staff position, since the accounting department must be independent
Which of the following best describes the role of a staff position in an organization? Multiple...
Which of the following best describes the role of a staff position in an organization? Multiple Choice It is superior in authority to a line position. It relates directly to the carrying out of the basic objectives of the organization. It is supportive in nature, providing service and assistance to other parts of the organization. It receives assistance from other parts of organization It relates directly to achieve the basic objectives of organization embedded in them and it is superior...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It has its primary emphasis on the future. It places more emphasis on precision of data than financial accounting does. It focuses on the organization as a whole, rather than on the organization's segments. It is required by regulatory bodies such as the Ontario Securities Commission.
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It is required by regulatory bodies such as the Ontario Securities Commission It has its primary emphasis on the future, It focuses on the organization as a whole, rather than on the organization's segments. It places more emphasis on precision of data than financial accounting does.
Which of the following statements is (are) correct? Multiple Choice If a market is weak-form efficient,...
Which of the following statements is (are) correct? Multiple Choice If a market is weak-form efficient, it is also semi-strong-form and strong-form efficient. 0 If a market is semi-strong-form efficient, it is also strong-form efficient. 0 If a market is not semi-strong-form efficient, it must also be not weak-form efficient. 0 If a market is not strong-form efficient, it must be neither semi-strong-nor weak-form efficient. 0 If a market is not weak-form efficient, it must be neither semi-strong-nor strong-form efficient.
Creating an organizational chart In this organization, the following people are staff: Director of personnel Vice...
Creating an organizational chart In this organization, the following people are staff: Director of personnel Vice President of Research and Development Vice President of Marketing Vice President of Finance Administrative Assistant to the president Research and Development department Production Vice President Quality Control Officer The rest of the organization has line positions. Three product lines Marketing Manager The company is spread out in three (3) regions Production employees Sales employees Accounting employees For your opening post, create a possible organizational...
Which of the following is NOT a characteristic of a market in equilibrium? Multiple Choice Sellers...
Which of the following is NOT a characteristic of a market in equilibrium? Multiple Choice Sellers can sell as many units as they want at the equilibrium price. Neither buyers nor sellers want the price to change. There s There is neither excess supply nor excess demand. Buyers can buy as many units as they want at the equilibrium price.
Which of the following is true regarding pension accounting and reporting? Multiple Choice Local governments include...
Which of the following is true regarding pension accounting and reporting? Multiple Choice Local governments include only the pension plans for which it is trustee in pension trust funds Statement of Fiduciary Net Position. The Net Pension Liability reported by local governments include only the pension plans for which the local government is trustee. no liability needs to be reported for state sponsored plans in which the local government participates. Both of the above Neither of the above.
Creating an organizational chart In this organization, the following people are staff: Director of personnel Vice...
Creating an organizational chart In this organization, the following people are staff: Director of personnel Vice President of Research and Development Vice President of Marketing Vice President of Finance Administrative Assistant to the president Research and Development department Production Vice President Quality Control Officer The rest of the organization has line positions. Three product lines Marketing Manager The company is spread out in three (3) regions Production employees Sales employees Accounting employees The company is spread out in three (3)...
Which of the following is true of a city government's pension activities? Multiple Choice Ο O...
Which of the following is true of a city government's pension activities? Multiple Choice Ο O Pension trust funds are reported in the fiduciary funds of the government only if the city acts as trustee for the retirement plan. Ο The net pension liability for a city administered pension plan is reported in the Statement of Fiduciary Net Position. Ο C) Both of the choices are true. Neither of the choice is true.
Which of the following positions does the controller occupy in an organization? Multiple Choice Both a line and a staff position A staff position. A line position Neither a line nor a staff position, since the accounting department must be independent
Which of the following best describes the role of a staff position in an organization? Multiple Choice It is superior in authority to a line position. It relates directly to the carrying out of the basic objectives of the organization. It is supportive in nature, providing service and assistance to other parts of the organization. It receives assistance from other parts of organization It relates directly to achieve the basic objectives of organization embedded in them and it is superior...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It has its primary emphasis on the future. It places more emphasis on precision of data than financial accounting does. It focuses on the organization as a whole, rather than on the organization's segments. It is required by regulatory bodies such as the Ontario Securities Commission.
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It is required by regulatory bodies such as the Ontario Securities Commission It has its primary emphasis on the future, It focuses on the organization as a whole, rather than on the organization's segments. It places more emphasis on precision of data than financial accounting does.
Which of the following statements is (are) correct? Multiple Choice If a market is weak-form efficient, it is also semi-strong-form and strong-form efficient. 0 If a market is semi-strong-form efficient, it is also strong-form efficient. 0 If a market is not semi-strong-form efficient, it must also be not weak-form efficient. 0 If a market is not strong-form efficient, it must be neither semi-strong-nor weak-form efficient. 0 If a market is not weak-form efficient, it must be neither semi-strong-nor strong-form efficient.
Which of the following is NOT a characteristic of a market in equilibrium? Multiple Choice Sellers can sell as many units as they want at the equilibrium price. Neither buyers nor sellers want the price to change. There s There is neither excess supply nor excess demand. Buyers can buy as many units as they want at the equilibrium price.
Which of the following is true regarding pension accounting and reporting? Multiple Choice Local governments include only the pension plans for which it is trustee in pension trust funds Statement of Fiduciary Net Position. The Net Pension Liability reported by local governments include only the pension plans for which the local government is trustee. no liability needs to be reported for state sponsored plans in which the local government participates. Both of the above Neither of the above.
Which of the following is true of a city government's pension activities? Multiple Choice Ο O Pension trust funds are reported in the fiduciary funds of the government only if the city acts as trustee for the retirement plan. Ο The net pension liability for a city administered pension plan is reported in the Statement of Fiduciary Net Position. Ο C) Both of the choices are true. Neither of the choice is true.
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