Which of the following would be the most appropriate cost driver for quality control activities?
a. Number of inspections
b. Number of setups
c. Number of tests
d. Labor hours
a
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Describe evaluative performance reviews and developmental performance reviews.
What will be an ideal response?
Firms recognize revenue
a. when they have completed an earnings process or performed most or all of their obligations to customers, usually the delivery of a product or service. b. when they have received cash or a receivable capable of sufficiently reliable measurement. c. using the percentage-of-completion method when the firms sell products under long-term contracts, such as construction companies. d. using the completed contract method [U.S. GAAP, only] when firms cannot reasonably estimate revenues and costs. e. all of the above
Answer the following statement(s) true (T) or false (F)
16. The skill of creativity allows you to harness opportunities but not create opportunities. 17. The skill of creativity requires a high IQ. 18. The skill of creativity allows you to harness opportunities but not create opportunities. 19. Reflection can be considered an action. 20. Entrepreneurship is more of a method than a process.
In a ________ arrangement, the tenant is responsible for paying only rent and property taxes
A) double net lease B) net lease C) gross lease D) net, net, net lease