Sandra works as the supervisor of the accounting department of Welfare Co. She notices that in the month of September, the expenditure on supplies was much more than the planned budget. She looks into the surplus expenditure and finds that she had approved a bulk purchase of supplies to take advantage of a volume discount. Sandra then makes appropriate corrections so that future expenditure on supplies is in line with the planned budget. In this scenario, Sandra is primarily engaged in the management function of ________.
A. controlling
B. staffing
C. leading
D. organizing
Answer: A
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On March 1 . 2012 . Forest Co borrowed cash and signed a 36-month, interest-bearing note on which both the principal and interest are payable on February 28, 2015 . At December 31 . 2014, the liability for accrued interest should be
a. 10 months' interest. b. 22 months' interest. c. 34 months' interest. d. 36 months' interest.
Which one of the following is representative of typical cash flows from operating activities?
a. Proceeds from selling common stock. b. Repayment of cash loans. c. Proceeds from the issuance of bonds and notes payable. d. Payments to acquire land and buildings. e. Cash payments for inventory and operating expenses.
Thomas is a member of a group charged with maintaining the landscaping outside the corporate office. Thomas is in charge of mowing and maintaining the grass. Other members of the group maintain other parts of the landscape. Thomas’ group is a ______.
A. crew B. team C. task force D. individual
If the time, place, and manner of delivery of goods are not mentioned in a contract:
A) The place of delivery is the seller's place of business. B) The place of delivery is the buyer's place of business. C) The seller is obligated to pay for shipping to the buyer's place of business. D) The contract is void for lack of definiteness.