The accounts receivable system typically used by utilities is the:
a. pre-billing system
b. open-item system
c. balance-forward system
d. post-billing system
C
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Direct expenses are assigned to departments based on
a. estimated expenses. b. actual expenses. c. the percentage of total net sales represented by each department. d. the percentage of gross sales represented by each department.
NAFTA is a free trade zone comprising of which of the following countries?
A) Canada, Mexico, and South America B) Canada, Mexico, and Peru C) Mexico, South America, and the United States D) Canada, Mexico, and the United States E) Canada, Japan, and the United States
List and describe the four trade barriers.
What will be an ideal response?
In a small business, because it is often cost-prohibitive to hire extra employees, the lack of certain separations of duties can best be overcome by
A) bonding the employees. B) getting the owner actively involved. C) hiring only honest employees. D) holding one person responsible for a given set of transactions.