In the 1990s, what led to an explosion of people using computers on a daily basis?
A. The rapid commercialization of the Internet
B. The explosion of PC tools and diagnostics
C. Companies focusing on providing excellent technical support
D. Global acceptance of mobile and wireless computing
Answer: A
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The purchase requisition is sent from the inventory control department to the ______________________________ department
Fill in the blank(s) with correct word
Cost-volume-profit analysis is a technique available to management to understand better the interrelationships of several factors that affect a firm's profit. As with many such techniques, the accountant oversimplifies the real world by making assumptions. Which of the following is not a major assumption underlying CVP analysis?
a. All costs incurred by a firm can be separated into their fixed and variable components. b. The product selling price per unit is constant at all volume levels. c. Operating efficiency and employee productivity are constant at all volume levels. d. For multi-product situations, the sales mix can vary at all volume levels.
A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles. This decreased production in turn will reduce Huffy's demand for bicycle seats. This scenario illustrates_____ demand
a. inelastic b. joint c. elastic d. fluctuating
Kevin, a contractor, was advised by several persons in his community that Toby had been representing himself around the town, as being Kevin?s agent and authorized to make home renovation contracts on his behalf
Kevin had in fact not authorized Toby to make these representations on his behalf but did nothing to address the situation. Two weeks later, Myra a homeowner, advised Kevin that she had made a contract to renovate her home with him through Toby and that if he did not carry out the work, she would take legal action against him. Which of the following statements is TRUE? A) Kevin is not bound by the contract with Myra as Toby had no actual authority B) Myra cannot enforce the contract against Kevin as she had a duty to verify that Toby had the authority claimed. C) Kevin is estopped from denying that he has a valid contract with Myra. D) Myra cannot enforce the contract against Kevin but can sue Toby for fraud E) Kevin is bound by the contract with Myra but is free to adjust the terms of his performance