Which of the Following Describes Reciprocal Support

question 75

Multiple Choice

Which of the following describes reciprocal support?

• A) the accounting department provides services to production
• B) molding provides services to production and accounting provides services to both molding and production
• C) assembling department provides services to three other departments
• D) the materials management department provides support to all departments including the production control department which also provides services to the materials management department

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Definitions:

Marginal Tax Rates

The rate at which the next dollar of taxable income will be taxed, according to the income tax brackets set by the government.

Capital Gains

The profit from the sale of an asset or investment, which is the difference between the sale price and the purchase price.

Marginal Tax Rates

The fraction of your income subjected to taxation, based on the qualifying tax brackets.

Net Working Capital

It calculates the short-term liquidity of a company, highlighting the funds available to run its day-to-day operations.