Which of the following is a preventive control?
a. credit check before approving a sale on account
b. bank reconciliation
c. physical inventory count
d. comparing the accounts receivable subsidiary ledger to the control account
A
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An unfavorable direct labor rate variance should be the responsibility of which department?
a. Production b. Human Resources c. Purchasing d. Handling e. None of the answers are correct.
Identify a true statement about the economic model of corporate social responsibility (CSR).
A. It has its roots in the Kantian tradition of ethics. B. It has direct implications for the proper role of business management. C. It holds that social goals should be at the heart of a firm's mission. D. It shifts focus from pursuit of profit to environment sustainability.
As part of its initiative to streamline operations, XLT Corp. is planning to eliminate a number of jobs. Which strategy is XLT Corp. using?
A. Downsizing B. Outsourcing C. Nearshoring D. Reengineering
The Fair Debt Collection Practices Act requires a debt collector to provide the consumer with a written notice. What information must be contained in this notice?
A) The amount of the debt, with interest and penalties clearly delineated B) The name of the current creditor and former creditor C) A statement informing the consumer that he can request verification of the alleged debt D) A copy of the original credit contract with the original creditor