Footing is an example of:
A. Analytical procedures.
B. Recalculation.
C. Confirmation.
D. Inquiries.
Answer: B
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What is the purpose of the adjusted trial balance?
A) to verify that all of the adjusting entries have been posted
B) to verify that the net income
During ____________cultural adaptation stage where you are beginning to settle in, one is more confident about knowing how to function in a new environment, one knows how to interact with people and where to socialize, and one has a clearer understanding of business practices.
a. Autonomy b. Disintegration c. Reintegration d. Independence
Scenario 11.1 Use the following to answer the questions. Cheetos Fat-free Crunchies is a product developed through advanced technology. Cheetos engineered a technique for making reduced-fat snacks that taste cheesier and stay fresh longer. Cheetos introduced Fat-free Crunchies in limited markets in 2012 and began national distribution in 2013. About 18 months later, a series of competitors' ads was run claiming that Cheetos Crunchies actually contained 1.5 grams of fat, and that they contained preservatives and additives. Research showed that the taste of Cheetos Crunchies was also perceived negatively by some people. To save the product, Cheetos reduced the remaining fat to 0 grams, took out the preservatives, and improved the taste. Refer to Scenario 11.1. Cheetos produces several
cheese snack products and is considering a new Cheetos brand of crackers. This new Cheetos brand of crackers would most likely be an example of A. a product modification. B. a line extension. C. a quality modification. D. a functional extension. E. an aesthetic modification.
Acorn and Bean were general partners in a farm machinery business. Acorn contracted, on behalf of the partnership, to purchase 10 tractors from Cobb Corp Unknown to Cobb, Acorn was not authorized by the partnership to make such contracts. Bean refused to allow the partnership to accept delivery of the tractors, and Cobb sought to enforce the contract. Cobb will:
a. Lose, because Acorn's action was beyond the scope of Acorn's implied authority. b. Prevail, because Acorn had implied authority to bind the partnership. c. Prevail, because Acorn had apparent authority to bind the partnership. d. Lose, because Acorn's express authority was restricted, in writing, by the partnership agreement.