A direct-mail piece advertising a collection of home maintenance books would have its information
A. virtually paced.
B. externally paced.
C. placed in qualitative media.
D. self-paced.
E. controlled by the message recipient.
Answer: D
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Which of the following is an example of a direct labor cost standard?
A) $40 per direct labor hour B) 50 square feet per unit C) $0.95 per square foot D) 0.5 direct labor hours per unit
The entry to record a sales return from a customer would require a(n)
a. decrease to Sales. b. increase to Sales. c. decrease to Sales Returns and Allowances. d. increase to Sales Returns and Allowances.
Benchmarking identifies ______.
a. the best practices used by other firms b. governmental standards that a company must meet c. international standards that a company must meet d. industry standards that a company must meet
Indicate whether each of the following items regarding internal control is true or false. ________ a) Accounting controls are composed of procedures designed to safeguard assets and ensure accounting records contain reliable information. ________ b) Administrative controls concern the reliability of the financial statements and the accuracy of the general ledger.________ c) Whenever possible, the functions of authorization, recording and custody should be exercised by the same dependable employee.________ d) Cash is most susceptible to embezzlement at the points of receipt and disbursement.________ e) A well-designed internal control system prevents collusion among employees.
What will be an ideal response?