__________________ has redefined the notion of transparency for corporations.
a. Recent regulations
b. Watch-dog groups
c. Internet access
d. Corporate codes of ethics
c. Internet access
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Which of the following is true regarding normal balances of accounts?
A) All accounts have a normal debit balance. B) The normal balance of all accounts will have either a positive or negative balance. C) Accounts that have a normal debit balance will only have debit entries, never credit entries. D) The normal balance is the side of the account that increases the account.
Variance analysis would be an appropriate way to measure performance in a
a. profit center b. investment center c. cost center d. all of the above
Which of the following represents the correct sequence of steps in the problem-solving process?
a. Recognize and define the problem; collect and organize the data; select a method of solution; arrive at an answer b. Select a method of solution; recognize and define the problem; collect and organize the data; arrive at an answer c. Recognize and define the problem; select a method of solution; collect and organize the data; arrive at an answer d. Select a method of solution; collect and organize the data; recognize and define the problem; arrive at an answer
Demand for a given item is said to be dependent if:
A) it originates from the external customer. B) there is a deep bill of material. C) the finished products are mostly services (rather than goods). D) there is a clearly identifiable parent. E) the item has several children.