A High-Tech Manager Who Supervises the Development of a New

question 46

Multiple Choice

A high-tech manager who supervises the development of a new computer chip needs ________ compared to a manager who supervises the mailing of unemployment insurance checks at the local government office.

• A)about the same span of control
• B)a narrower span of control
• C)a wider span of control
• D)a more informal span of control
• E)elimination of the span of control

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Definitions:

Ending Inventory

The value of goods available for sale at the end of the accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Ethics Violation

An action that goes against moral principles or professional standards, often resulting in disciplinary action.

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by calculating a cost-to-retail percentage and applying it to the ending retail value of inventory.

Inventory Valuation

The method of calculating the cost associated with inventory at the end of an accounting period to determine the cost of goods sold and inventory on hand.