Which of the Following Facts Concerning Property, Plant and Equipment

question 33

Short Answer

Which of the following facts concerning property, plant and equipment should be included in the Summary of Significant Accounting Policies? $\begin{array}{lll}&\text { Depreciation } & \text { Composition } \\&\text { Method } & \text { of Assets }\\\text { a) } & \text { no } & \text { yes } \\\text { b) } & \text { yes } & \text { yes } \\\text { c) } & \text { yes } & \text { no } \\\text { d) } & \text { no }\end{array}$

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Definitions:

Mechanistic Bureaucracy

An organizational structure that emphasizes detailed procedures and rules, a clear hierarchy, and a focus on task completion, similar to a machine bureaucracy.

Organic Bureaucracy

An adaptable and flexible organizational structure that allows for responsiveness and change, contrasting with more rigid bureaucracies.

Vertical Keiretsu

Vertical keiretsu refers to a type of business arrangement in Japan where a group of companies, primarily suppliers, are linked through cross-shareholdings and share a major manufacturer or assembler at the top.

Supplier Firms

Companies that provide goods or services to other businesses or customers within a supply chain.