The notes to the financial statements:
a. provide information on future expansion plan.
b. disclose the accounting methods used to prepare the financial statements.
c. state an opinion on whether the financial statements are presented fairly and in conformity with GAAP.
d. comment on the company's results of operations reported on the financial statements.
b
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Which form of group building gives teams or work groups an actual problem, has them work on solving it and commit to an action plan, and holds them accountable for carrying out the plan?
A. simulations B. action learning C. self-directed learning D. virtual reality E. business games
A buyer using a perpetual inventory system records the costs of shipping merchandise it purchases in a Delivery Expense account.
Answer the following statement true (T) or false (F)
Which of the following is NOT a benefit of a static budget performance report?
A) It is useful in evaluating a manager's effectiveness when actual sales approximate budgeted amounts. B) It is useful in evaluating a manager's control over fixed costs. C) It is useful in evaluating a manager's control over variable costs. D) It is useful in evaluating a manager's control over fixed selling and administrative expenses.
Developing a spirit of entrepreneurship within the existing organization, called corporate entrepreneurship, can lower resistance to flexibility, growth, and diversification.
Answer the following statement true (T) or false (F)