Which of the following is a characteristic of a periodic inventory system?
A) The system does not maintain a continuous record of the quantities of inventory on hand or inventory sold
B) The system reports how much inventory is on hand at all times.
C) The computer tracks inventory upon a sale, and the cost of goods and inventory are immediately updated.
D) Purchases of inventory are recorded to the inventory account.
A
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Section 18(a) of the Securities Act of 1934:
A. makes an accountant liable for accidental mistakes in the audit. B. requires that the plaintiff prove reliance. C. requires the accountant to prove that he exercised due diligence. D. is not triggered by reliance.
If a magazine publishes a false statement about a public personality, it is liable for invasion of the right to privacy.
Answer the following statement true (T) or false (F)
The proportion of the variation in the dependent variable y that is explained by the estimated regression equation is measured by the?
A. ?correlation coefficient. B. ?standard error of the estimate. C. ?coefficient of determination. D. ?confidence interval estimate.
According to Henri Fayol's principles of management, ________ refers to promoting a unity of interest between employees and management.
A. centralization B. remuneration C. discipline D. esprit de corps E. scalar chain