Interest payment on long–term borrowing is classified as a(n):
a. noncash activity.
b. financing activity.
c. investing activity.
d. operating activity.
d
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Business rules are an example of which COSO concept?
A. Activity models. B. Control environment. C. Control activities. D. Internal control.
Mack Jacoby sells building supplies. His annual sales equal $450,000. His total fixed costs annually equal $75,000. The cost of goods sold annually is $335,000. Mark's break-even point in terms of total sales is approximately:
A. $315,200 B. $224,000 C. $218,600 D. $198,000 E. $293,000
Which of the following statements about a company's culture is NOT true?
A. Typically, key elements of the culture originate with a founder or certain strong leaders who articulated them as a set of business principles, company policies, operating approaches, and ways of dealing with employees, customers, vendors, shareholders, and local communities where the company has operations. B. The longer people stay at an organization, the more that they come to embrace and mirror the corporate culture-their values and beliefs tend to be molded by mentors, fellow workers, company training programs, and the reward structure. C. The more new employees a company is hiring, the more important it becomes to screen job applicants every bit as much for how well their values, beliefs, and personalities match up with the culture as for their technical skills and experience. D. A company's culture, once established, tends to remain stable and entrenched over time. E. Company cultures can be perpetuated by the telling and retelling of company legends, by regular ceremonies honoring members who display desired cultural behaviors, and by visibly rewarding those who display cultural norms and penalizing those who don't.
________ can be destroyed when employees learn of major events affecting their jobs through the ____________________ or from news accounts?rather than from management
Fill in the blank(s) with correct word