Kimlon Informatics is owed $5,000 from a client for its services. The recovery period is 100 days, but Kimlon needs the money immediately. It sells the right of collecting money from its client to Quikcollect, a collection agency. Here, Kimlon Informatics is the ________.
A. obligor
B. obligee
C. subassignee
D. assignee
Answer: B
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A report that summarizes actual results, budgeted amounts and the difference between them is called the ________.
A) static budget performance report B) mobile budget report C) budgetary control report D) strategic budget report
Which of the following is not an internal control activity for cash?
a. Surprise audits of cash on hand should be made occasionally. b. All cash receipts should be recorded promptly. c. The number of persons who have access to cash should be limited. d. Most transactions should be in cash to reduce recordkeeping.
“Can you explain what you would do if a customer needed to discuss an error in her invoice?” represents what type of interview questions?
A. hypothetical B. closed-ended C. representational D. probing E. traditional
If a manager conducting a time study needed an accuracy of ±0.1 minutes, rather than ±0.2 minutes, the adequate sample size would have to be twice as large
Indicate whether the statement is true or false