Which of the following is TRUE regarding computer-aided design?
A) It is too expensive to use in most manufacturing and design settings.
B) It is an obsolete technology.
C) It results in longer development cycles for virtually all products.
D) It is the use of computers to interactively design products and prepare engineering documentation.
E) It is the use of information technology to control machinery.
D
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Overestimating the number of tons of a mineral that can be mined over a mineral deposit's life will result in
A) understated total assets each year. B) understated net income each year. C) understated depletion expense each year. D) no effect on total assets each year.
The process of liquidating a partnership's assets and distributing the proceeds to satisfy claims against the partnership is known as winding up
Indicate whether the statement is true or false
A toxic person in the workplace is likely to
A) ask for help with his or her deficiencies. B) look to help other people with their deficiencies. C) focus on the positive in dealing with other people. D) focus on the negative in dealing with other people.
Indicate whether each of the following items regarding internal control is true or false. ________ a) Accounting controls are composed of procedures designed to safeguard assets and ensure accounting records contain reliable information. ________ b) Administrative controls concern the reliability of the financial statements and the accuracy of the general ledger.________ c) Whenever possible, the functions of authorization, recording and custody should be exercised by the same dependable employee.________ d) Cash is most susceptible to embezzlement at the points of receipt and disbursement.________ e) A well-designed internal control system prevents collusion among employees.
What will be an ideal response?