Explain how the United States Postal Service has "competitor myopia."
What will be an ideal response?
The U.S. Postal Service loses billions of dollars every year, but direct competitors such as FedEx and UPS aren't the problem. Instead, indirect competition from the Internet has hurt the U.S. Postal Service's revenue, as more people e-mail and make online transactions rather than mail transactions.
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Why is network control needed? What tasks are performed?
Entries are made to the Petty Cash account when
A) making payments out of the fund. B) recording shortages in the fund. C) replenishing the petty cash fund. D) establishing the fund.
You can hold yourself accountable for your goals by
a. keeping your goals in a diary or journal. b. sharing them with others. c. contracting with yourself. d. all of these choices.
Objectivity may be impaired when a CPA prepares a tax return for a client because:
A. The CPA must prepare the tax return solely based on the information provided by the client B. The CPA violates the integrity rule C. The CPA violates the independence rule D. The CPA serves in a tax advocacy position for the client