Describe a credit check in an advanced technology system
In an advanced technology system, the system logic, not a human being, makes the decision to grant or deny credit based on the customer's credit history contained in the credit history file. If credit is denied, the sales clerk should not be able to force the transaction to continue. However, to allow for operational flexibility in unusual circumstances, the system provides a management override option that may only be performed by a supervisor. Any such overrides should be fully documented in the credit history record and in management reports.
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In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?
A. Activities involving technology B. Activities involving equipment C. Activities involving facilities D. Activities involving people E. Activities involving shareholders
Who has settlement authority in a minitrial?
A) senior executives of the disputing corporations B) the attendant trial court judge C) the attendant appellate court judge D) the minijury
The ending merchandise inventory for the current accounting period is overstated by $3,500. What will be the effect of this error?
A) The net income for the current accounting period will be overstated by $3,500. B) The cost of goods sold for the current accounting period will be overstated by $3,500. C) The ending merchandise inventory for the next accounting period will be overstated by $3,500. D) The cost of goods sold for the next accounting period will be understated by $3,500.
A principal ordinarily does not have liability to third parties for contracts made within the actual or the apparent scope of an agent's authority.?
Indicate whether the statement is true or false