Describe two advantages and two disadvantages of the high-low method of cost estimation.
What will be an ideal response?
Advantages:
(1) only requires two data points.
(2) easy to apply.
Disadvantages:
(1) most of the information available is ignored.
(2) high and low points may not be representative of typical activity.
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It is important to prevent the other party from becoming ________ as you then lose all the advantages of such a position.
Fill in the blank(s) with the appropriate word(s).
According to the Sarbanes-Oxley Act of 2002, who is primarily responsible for establishing and maintaining a system of internal control over the company's financial reporting?
A) Management of the company B) The company's auditors C) The company's internal auditors D) The audit committee of the company's board of directors
Every year the high school hosts a faculty-staff basketball game to raise money for the American Heart Association. Along with a cash donation, the local Subway restaurant donates sandwiches that the high school can sell at the game to earn extra money for the charity. By doing so, Subway is engaged in
A. charitable advertising. B. corporate volunteerism. C. stakeholder responsibility. D. philanthropic marketing. E. corporate philanthropy.
To maintain trustworthy customer relationships, companies must take care that they respect customer privacy and respect the________-that is, the amount of information a customer feels comfortable providing.
A. communication tolerance level B. information limit C. privacy bubble D. privacy zone E. information comfort zone