Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to partnerships
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is a control problem related to segregation of duties?
a. Julie writes expense checks and Mark collects cash from customers. b. Bob order office supplies and deposits the company's checks. c. Steve records receivables and writes off bad debts. d. Rebecca records journal entries and orders lunch.
Which of the following is not a reason standard costs are separated in two components?
A) the price and quantity variances need to be identified separately to correct the actual major differences. B) identifying variances determines which manager must find a solution to major discrepancies. C) if a negative variance is over-shadowed by a favorable variance, managers may overlook potential corrections. D) variances brings attention to discrepancies in the budget and requires managers to revise budgets closer to actual.
What is the purpose of control structures?
What will be an ideal response?
The central selling point in a persuasive message
a. appears only once in the message and should, therefore, be carefully placed for best effect. b. is usually price. c. can be thought of as the message's theme and appears throughout the message as a common thread. d. appears only in the attention and action stages.