The ____ stage of the transaction processing cycle is when transaction-related data such as item number, quantity, and payment method are captured.
A. data collection
B. data editing
C. data correction
D. data output
Answer: A
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People who do not conform to a statute are sometimes considered to be negligent per se. This means that:
A. statutes can create the legal duty required to establish negligence. B. the defendant should be penalized even if the negligence did not cause the plaintiff any harm. C. not knowing about a statutory requirement is not as bad as intending to do something wrong. D. negligence and breaking a law should be penalized equally.
Recent accounting scandals have raised concerns over the quality and transparency of financial accounting and reporting in the United States. Critics of what is termed the "rules-based" system currently used in the U.S. cite the increasingly detailed
and complex nature of rule-driven accounting pronouncements. These critics suggest that the United States should adopt a principles-based system similar to that of the International Accounting Standards Board. Explain what is meant by a principles-based system and the advantages and disadvantages of such a system.
According to your textbook (Ch3) why would managers pursue the de-skilling of labour and simplifying of jobs?
a. It ensured the efficient extraction of surplus value b. It ensured labour could be controlled c. It created the need for managerial hierarchies d. All the above
Determining the shipment of goods from multiple sources to multiple destinations to minimize transportation costs is an example of applying linear programming to solving ______ problems.
a. financial planning b. production planning c. assignment d. transportation