Accountants play many roles relating to the accounting information system, including all of the following except
a. system users
b. system designers
c. system auditors
d. system converters
D
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Which of the following can be deduced from the provisions in the Code of Hammurabi?
a. Unethical business practices existed many thousands of years ago. b. Civilization in ancient Mesopotamia understood that slavery was unethical. c. Unethical business practices appeared with the emergence of capitalism. d. Division of labor reduced the quality of life for workers even in ancient times.
A company that manufactures small quantities of identifiable products will use a job-order costing system
Indicate whether the statement is true or false
Which term refers to qualifications that must be available or fulfilled before a sale can be closed?
A) purchasing goals B) product configurations C) sales satisficers D) value components E) buying conditions
Catalina promises high returns to Darby and other investors, who then agree to trust their funds to Catalina. She uses these funds to pay previous investors. This is
a. a Ponzi scheme. b. a stock option. c. an accredited investor. d. a shortswing profit.