Which of the following is a difference between salaries and wages?
A. Performance is the basis for wages, whereas time is the basis for salaries.
B. Wages are paid to permanent employees, whereas salaries are paid to temporary employees.
C. Wages are paid to managerial employees within a firm, whereas salaries are paid to operational and lower-level employees within a firm.
D. Waged employees are eligible for the overtime provisions of the Fair Labor Standards Act, whereas salaried employees are not.
Answer: D
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Jack's Jungle Fun, Inc is a manufacturer of children's outdoor play equipment. The factory foreman determines when orders for materials are necessary. The orders are sent to the purchasing department that places orders with the vendors recommended by
the factory foreman. When the materials are received, they are delivered directly to a central storeroom without counting what has been received. When invoices are received for the materials purchased, they are sent to the accounting department for payment. The accounting department compares the invoices with purchase orders. If the two documents are in agreement, the invoice is approved for payment. The accounting department prepares the checks that are signed by the company treasurer. Recommend improvements in the company's procedures for purchasing and paying for purchases of materials that will provide better internal control over purchases and payment for those purchases.
Use of a formal questionnaire that presents questions in a prearranged order is called ________
A) exploratory data collection B) structured data collection C) randomized data collection D) hypothetical data collection E) pre-arranged data collection
An annual publication that lists the top 50 marketing research firms BASED in the U.S. is known as:
A) World's Top 50 B) Research World's 50 C) The Honomichl Top 50 D) The J.C. Snead Global Top 50 E) none; there is no such report available
Under the ______________________________ of preparing the statement of cash flow's operating activities section firms list the cash flows from selling goods and services and then subtract the cash outflows to providers of goods and services
Fill in the blank(s) with correct word