Occasionally, everyone has to ask someone else for a special favor-action for which there is little reward, time, or inclination
Indicate whether the statement is true or false
True
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For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer. The mailroom employee opens all incoming mail. Customers' checks are sent to the treasurer, and remittance advices are sent to the accounting department. The controller compares the daily bank deposit amount from the treasurer and the daily debit to cash from the accounting department.
What will be an ideal response?
Prime costs is the sum of
A) the direct labor costs and indirect labor costs. B) the direct material costs, direct labor costs, and overhead costs. C) the direct labor costs and overhead costs. D) the direct materials costs and direct labor costs.
Which of the following is a criticism of goal setting?
A. Goal setting enhances flexibility of employees to adapt to changing situations. B. Goal setting is largely unsupported by research evidence. C. Goal setting may undermine creativity. D. The limitations of goal setting outweigh the benefits.
Binding arbitration:
A) Requires that a terminated project be completed before damages are awarded. B) Requires empanelment of equal numbers from both the client and project organizations to reach a verdict. C) Should be used to settle disputes only if the principle of caveat emptor does not apply. D) Can settle outstanding claims or disputes provided that all parties agree to its use.