Interest earned on the cash balance in the bank is recorded by the bank as:
A. An increase in the bank's expense account.
B. A decrease in the bank's asset account.
C. A decrease in the depositor's bank account.
D. An increase in the bank's asset account.
E. An increase in the depositor's bank account.
Answer: E
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The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.
Ritzer argues that all aspects of our world are being rationalized through McDonaldization via four major mechanisms. One of those is the process of ‘Control’, which of the following is an example such a mechanism?
a. Using an explicitly stated and pre-programmed script so staff can quickly deal with customers b. Ensuring means of production – from produce through to staff - are of a minimal cost c. Using standardized procedures and machinery to produce standardized products and services so customers know what they are going to get irrespective of where or when they buy it d. Ensuring everyone wears the uniform, smiles at the customer and is extensively trained to ensure they stick to the pre-programmed script
Which of the following actions can a Human Rights tribunal do?
A) require a company to re-hire a worker B) require a company to stop a discriminatory practice C) award money to a complainant D) require a company to adopt a special program to cure a problem of systemic discrimination E) all of the above
If we set the real effective exchange rate index between Canada and the United States equal to 100 in 1998, and find that the U.S. dollar has risen to a value of 112.6, then from a competitive perspective the U.S. dollar is:
A) overvalued. B) undervalued. C) very competitive. D) There is not enough information to answer this question.