1. "Decision-making is management's most important function." Do you agree? Why or why not?
2. Explain the primary difference between line positions and staff positions, and give examples of each.
3. What new rules were enacted under the Sarbanes- Oxley Act to address unethical accounting practices?
4. Tony Andres is studying for his next accounting examination. Explain to Tony what he should know about the differences between the income statements for a manufacturing and for a merchandising company.