When a financial forecast fails to disclose a significant assumption used to prepare that forecast, which of the following reports become appropriate? QualifiedAdverseA.YesYesB.YesNoC.NoYesD.NoNo
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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Why would any firm, whether global or otherwise, seek to collaborate with another firm, be it local or foreign?
What will be an ideal response?
An example of an item that should be reported as a prior period adjustment is the
a. collection of previously written off accounts receivable. b. payment of taxes resulting from examination of prior years' income tax returns. c. correction of an error in financial statements of a prior year. d. receipt of insurance proceeds for damage to a building sustained in a prior year.
Rhea is a director of Spex Corporation, which makes and sells sunglasses and other eyewear. As a Spex director, Rhea sits on the board, which
A. governs Spex. B. is governed by the Spex incorporators. C. is governed by the Spex officers. D. is governed by the Spex shareholders.
Which of the following is not one of the steps in operational planning?
A. Adjusting products or services to meet demand B. Designing new products or services C. Selecting a planning horizon D. Comparing market demand with capacity E. Estimating market demand