List the principles of internal control.
What will be an ideal response?
Principles of internal control include establishing responsibilities, maintaining adequate records, insuring assets and bonding employees, separating recordkeeping from custody of assets, dividing responsibilities for related transactions, applying technological controls, and performing regular independent reviews.
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Using "regular person" models in advertisements are being used by companies such as Wal-Mart in response to:
A) the decrease in the use of fear advertising tactics B) the ineffectiveness of rational advertising tactics C) the criticism of sexually-oriented advertising perpetuating a dissatisfaction with one's body D) the need to reach female audiences, who do most of the buying in the household
Which statement is true regarding workâspouse relationships?
a. Because they are intimate, they inevitably lead to romantic relationships. b. They occur in coworkers who are physically attracted to one another. c. The participants can encounter blurred personal and professional boundaries. d. They are motivated by a need for excitement and adventure.
Luella just purchased 5 shares of common stock in TriColor, Inc for $250 . Luella has the right to
a. manage the day-to-day business of the corporation. b. set executive compensation. c. require that a proposal be placed in the company's proxy statement to be voted on at the shareholder meeting. d. vote to elect directors.
Which of the following will be categorized as an investing activity on the statement of cash flows?
A) Purchase of land with a mortgage B) Cash paid for purchase of new machinery C) Cash paid for purchase of office supplies D) Cash received from issuance of shares of common stock