Which of the following is not true of the chart of accounts?
a. Asset
accounts usually are listed first; b. Account numbering should follow a random pattern; c. The list contains the accounts used by the business;
d. Accounts are arranged according to the accounting equation; e. More accounts can be added later.
B
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One characteristic of incremental budgeting is that it
A. allows comparison using various units, like labor hours and dollars. B. is flexible toward changing environmental demands. C. allows easy comparison of different departments doing different activities. D. locks managers into stable spending arrangements. E. requires more time from managers than zero-based budgeting.
Which of the following is an example of an application control for the purchases and payments business process?
A. The purchase order number is automatically assigned. B. The employee who receives supplier goods must not be the same employee who ordered the goods. C. Management approval is required for large purchases. D. Defective items should be returned to suppliers promptly.
Katie makes an abusive statement about David. This language may be actionable if Katie's statement is false, if she sends the message by e-mail to another employee, and if ________
A) the message is a minimum of five sentences long B) she denies making the statement C) Katie's statement is damaging to David's reputation D) ?All of these choices must apply.
Which of the following is NOT considered an issue related to ethics in capacity planning decisions?
a. exploiting an uneducated and poor labor force b. using underage workers c. cutting costs by focusing less on safety issues d. using technology in place of labor to better use capacity