According to the text, the extent to which an IC relies on subsidiary management to make decisions depends on all of the following except:
A. how profitable the IC is.
B. the distance between the home country and the host country.
C. how large the IC is.
D. how well the executives know company policies.
Answer: A
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Which of the following is a component of retail mix?
A. Human resource practice B. Pricing policy C. Product design D. Market intelligence E. Employee performance data
Which subsystem is not part of the Accounting Information System?
a. Transaction Processing System b. Expert System c. General Ledger/Financial Reporting System d. Management Reporting System
Which of the following organizational characteristics is an indicator of a possible fraud?
a. A board of directors comprised mainly of outsiders. b. An independent internal audit department. c. An audit committee comprised mainly of insiders. d. An overstaffed accounting department.
Prepare the operating activities section of the statement of cash flows.
Dakota Telescopes Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:
Additional information provided by the company includes the following:
Current assets other than cash decreased by $25,000.
Current liabilities increased by $3,000.