A functional team usually includes employees who work together daily on similar tasks and must coordinate their efforts.

The accrual basis of accounting reflects the principle that revenue is recorded when it is earned,not when cash is received.

Which of the following is a characteristic of the "Takings Clause"?

A) It includes issues of property as well as the sale of goods.
B) It protects the public from government intrusion onto their property.
C) Private property can be taken for public use,without any reparation.
D) The property owner must receive just compensation.

McDonald's "Made by You" kitchen system represents a strategic layout decision even though an obvious benefit of the system is a dramatic reduction in the inventory of food prepared in advance.

When the average price level falls,interest rates fall,which increases the consumption of certain goods and services.This sequence of events describes the _______ _______ ______.

Kim Manufacturing purchased on credit £20,000 worth of parts from a British company when the exchange rate was $1.66 per British pound.At the year-end balance sheet date,the exchange rate increased to $1.69.Kim must record a gain of $600.