If total liabilities were subtracted from total assets, the residual value would be:
A) revenues.
B) owners' equity.
C) net income.
D) working capital.
E) expenses.
Question 2 - George Brown is a regional sales manager for Unisys, a large manufacturer of computer systems. Like most sales managers at Unisys, George is responsible for a fairly small team of salespeople throughout his region, and he must interact with them frequently to solve problems. Which of the following descriptions is most characteristic of Unisys and its sales managers?
A) Wide span of management and flat organizational height
B) Narrow span of management and flat organizational height
C) Wide span of management and tall organizational height
D) Narrow span of management and tall organizational height
E) Low administrative costs and clear communication
Question 3 - Pepperidge Farm stores items like four, salt, and sugar as raw materials they will use to produce a variety of food items. These raw materials are listed as __________ on the company's balance sheet.
A) equipment
B) owner's equity
C) short-term loans
D) liabilities
E) assets
Question 4 - A company whose managers supervise employees with a wide range of responsibilities and skills would likely have:
A) functional departmentalization.
B) a narrow span of management.
C) a low level of specialization.
D) a flat organizational height.
E) a network organizational design.
Question 5 - The owner of a small consulting business paid for a new copy machine on his company credit card. This item is listed as ___________ on the company's balance sheet.
A) owner's equity
B) loans payable
C) an asset
D) a liability
E) inventory
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