Modern Farming Methods Have Resulted in All of the Following

question 59

Multiple Choice

Modern farming methods have resulted in all of the following except

• A) increase in the overall food supply.
• B) less efficient irrigation methods.
• C) heavy use of fertilizers, pesticides, and herbicides.
• D) excessive fuel consumption.
• E) planting of fewer genetic varieties of plants.

Understand the concepts and roles of divisions within a firm, including profit centers and cost centers.

Recognize the reasons and solutions for conflicts between different divisions in a firm.

Understand how different reward and evaluation mechanisms impact division manager's decisions and divisional performance.

Identify the factors that influence the efficiency of transfer pricing between divisions.

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Definitions:

Nonparticipating

A term often used in insurance to describe policies that do not grant the policyholder dividends from the insurer's profits.

Dividends in Arrears

Unpaid dividends on cumulative preferred stock that must be paid out before any dividends can be distributed to common shareholders.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its owners as dividends.

Journal Entries

The recordings of financial transactions in a ledger, marking the first step in the accounting cycle.