American investors pay attention to only the Dow Jones Industrial Average
Indicate whether the statement is true or false
FALSE
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TQM has two core principles:
A. Employee commitment and customer satisfaction. B. Financial health and financial stability. C. People orientation and improvement orientation. D. Management and leadership. E. Radical innovation and continuous improvement.
Auditors are more concerned with the occurrence assertion for revenues than the completeness assertion because:
A. it is difficult to determine when services have been performed. B. entities are more likely to understate than overstate revenues. C. entities are more likely to overstate than understate revenues. D. the allowance for doubtful accounts often is understated.
List the four types of responsibility centers. For each center, state the responsibility of the manager.
A corporation that increases it net profit margin will need less discretionary financing, other things
being equal. Indicate whether the statement is true or false