Under an effective system of internal control, errors occur only as a result of fraud or dishonesty
Indicate whether the statement is true or false
False
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Which of the following occurs when someone works on a task because they find it interesting and gain satisfaction from the task itself?
A. intrinsic motivation B. extrinsic motivation C. negative reinforcement D. punishment
Only manufacturers use the lean business model.
Answer the following statement true (T) or false (F)
Emma Co sold Isabella Co merchandise on account FOB shipping point, 2/10, net 30, for $25,000. Emma Co prepaid the $500 shipping charge. Using the perpetual inventory method, which of the following entries will Isabella Co make if Isabella Co pays within the discount period?
A) Accounts Payable-Emma Co., debit $25,000; Freight In, credit $500; Cash, credit $24,500 B) Accounts Payable-Emma Co., debit $25,500; Merchandise Inventory, credit $500; Cash, credit $25,000 C) Accounts Payable-Emma Co., debit $25,000; Freight In, debit $500; Cash, credit $25,500 D) Accounts Payable-Emma Co., debit $25,500; Merchandise Inventory, debit $500; Cash, credit $26,000
A study of 1456 nonprofit board CEOs reveals that board governance practices are directly influenced by ______.
a. the background of the CEO *b. the gender and racial diversity of the board c. the return on investment anticipated by implementing certain initiatives d. the political conservatism of the board