A control that can ensure that receiving clerks are not influenced by quantity information while actually counting incoming goods is to:
a. send a "blind" copy of the purchase order to receiving
b. establish a "tickler" file for completed purchase orders
c. send copies of a receiving report to accounts payable
d. establishing "blanket orders" in purchasing
A
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The specific identification method of inventory is generally practical only for businesses in which sales volume is relatively low and inventory unit value is relatively high
a. True b. False Indicate whether the statement is true or false
Bargaining over a new union contract typically occurs
A. only on the anniversary of the union's establishment. B. year after year. C. when a company feels a union is overstepping its boundaries. D. when the union wants more power over an organization. E. only about every three years.
Under the perpetual inventory method, the merchandise inventory account is updated
a. at the end of the period; b. whenever merchandise is purchased; c. at the beginning of the period; d. every time a physical inventory is taken; e. when the income statement is prepared.
Which of the following is not listed as a principle of distributive justice?
A. according to merit or performance B. according to individual effort C. an equal share or opportunity D. according to personal commitment