All of the following are examples of internal control activities except

A) adequate supervision.
B) rotation of key personnel.
C) customer satisfaction surveys.
D) insistence that employees take earned vacations.


C

Business

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Most countries require some form of absorption costing for external reports.

Answer the following statement true (T) or false (F)

Business

Inventory is an example of a long-term asset

Indicate whether the statement is true or false

Business

A letter of transmittal accompanies and __________________ a report

a. validates b. justifies c. contradicts d. introduces

Business

Which of the following is permitted by courts today in the event of a material breach of contract?

A) obtaining specific performance if dollar damages are practicable as compensation B) reforming the contract to help view the breach as a minor breach of contract C) curing the material breach if the contract's time period has not lapsed D) seeking an exception to the parol evidence rule

Business