Which of the following is not a function of the treasurer?
A. Managing investments.
B. Raising capital.
C. Being responsible for an entity's credit policy.
D. Safeguarding assets.
E. Preparing financial statements.
Answer: E
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Which of the following best describes the fundamental, underlying reason for why there is demand for an independent auditor to report on financial statements?
A. Different interests may exist between the company preparing the statements and the parties using the statements. B. A poorly designed internal control system may be in place. C. A management fraud may exist and it is more likely to be detected by auditors if they are independent. D. A misstatement of account balances may exist and it is the independent auditor's responsibility to ensure that financial statements are not misstated.
It is important for a manager to be open to feedback because ______.
a. the receivers are doing most of the work b. receivers won’t ask questions of managers who get upset when asked c. feedback eliminates the need for follow up d. feedback is more likely to be positive than negative
Mowday suggested that equity theories can also be applied to _________ exchange relationships in organizations.
A) Social B) Political C) Economical D) Cultural
Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32LProduct K84BSales$46,000 $27,000 Variable expenses$13,800 $14,670 Fixed expenses for the entire company were $42,550.If the sales mix were to shift toward Product B32L with total sales remaining constant, the overall break-even point for the entire company:
A. could increase or decrease. B. would not change. C. would decrease. D. would increase.