Which of the following is defined as the shared values, beliefs, and preferences of a particular community, nation, or group?
A) culture
B) society
C) morals
D) ethics
E) reference set
A
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The inventory account a manufacturer uses to record the cost of products completed and available for sale is called
a. Raw materials inventory b. Work in process inventory c. Finished goods inventory d. Merchandise inventory
Whenever an employee has a major achievement, Anna asks that employee to send her an e-mail describing the achievement. Likewise, if an employee makes a mistake, Anna asks the employee to send her an e-mail describing the mistake and what happened. When it’s time to do performance appraisals, Anna brings together all the e-mails she received from each employee to create an appraisal. It appears Anna is using the ______ method of performance appraisal.
A. critical incidents B. management by objectives C. graphic rating D. behavioral anchored rating
Which of the following is an attribute of the internal control procedure—assignment of responsibilities?
A) To validate their accounting records, a company should have an audit by an external accountant. B) The company should separate the custody of assets from accounting. C) The external auditors will monitor internal controls. D) Each position has clearly assigned responsibilities.
The description, "All my land except the spring house": A) Is a valid legal description
B) Is a plat map description. C) Is a metes and bounds description. D) Is invalid.