A decision regarding whether a capital project is desirable based upon some previously established minimum criteria is referred to as a(n) ___________________________________
Fill in the blank(s) with correct word
screening decision
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At Carlson Services, the cashier collects checks and cash from customers, and the junior accountant records the transactions in the journal. The controller approves the journal entries and bank reconciliations. The treasurer signs checks and approves contracts. Which internal control procedure is exemplified in the above situation?
A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents
Swanson Company had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Swanson Company's current ratio?
A) The ratio remained unchanged. B) The change in the current ratio cannot be determined. C) The ratio decreased. D) The ratio increased.
Ricky and Michelle are co-workers. When Ricky sees Michelle succeed, he feels inspired. Ricky ______.
a. has a growth mindset b. has a fixed mindset c. is a left-brain thinker d. is a right-brain thinker
Which of the following is not one of the phases of decision making?
a. Analytic phase b. Design phase c. Choice phase d. Judgment phase