The global nature of business today makes complete centralization impossible. t/f

True.

Explanation:

Some economic historians date the early beginnings of globalization since the discovery of america in 1492. For that reason, the commercial networks of the world has grown exponentially and the centers of commerce in the world are not centralized anymore.

In that context, firms understand that their strategical success depends upon the flexibility in the management of the markets where the firms have presence. Evidence of the previous statement is the strategical shift suffered by houndreds of companys, which have changed their managerial structure from a center/pyramidal view to a descentralized business units around the world with complete or partial autonomy.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o