What type of decision is useful for less important decisions and should never be used for important decisions?
A. heuristics
B. satisficing
C. persuasive
D. intuition
B. satisficing
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Which of the following is not a major part of the Foreign Corrupt Practices Act?
A. Requiring that corporations keep accurate records, books, and accounts. B. Requiring that corporations refrain from committing copyright violations abroad. C. Requiring that issuers registered with the Securities and Exchange Commission maintain a responsible internal accounting control system. D. Prohibiting bribery of foreign officials by American corporations.
Although James does not want to be the doorman at his club’s annual dinner, he feels that he has to do that task because Leon, the club’s president, has instructed him to do so. Which kind of power has Leon used to have James enact the role of doorman?
A. referent power B. coercive power C. legitimate power D. expert power
The purchasing agent is responsible for developing the direct materials quantity standard
Indicate whether the statement is true or false
You are reviewing the accounting records of Buddy's Foreign Automotive, owned by a single stockholder, Bruce Jones. You have uncovered the following situations. List the appropriate accounting principle related to each independent scenario and suggest a correct action for each.1. In August, a check for $500 was written to Community Sports. This amount represents soccer camp for his daughter Cassie.2. Bruce plans a Going Out of Business Sale for June, since he will be closing the business for a month-long vacation in July. He plans to reopen August 1 and will continue operating Buddy's Foreign Automotive indefinitely.3. Buddy received a shipment of tools from Ontario, Canada. The invoice was stated in Canadian dollars.4. Sandy Lane paid $1,500 for a major repair services. The amount was
recorded as revenue. The parts for the repair must be ordered from overseas and the service won't be complete until the following month. What will be an ideal response?