A work-study training method that uses both on-the-job training and classroom training is called
A. hands-on training.
B. virtual-reality training.
C. apprenticeship.
D. MOOC training.
E. internship.
Answer: C
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An auditor reviews purchase contracts to assess the conditions for the return of merchandise as a test related to which management assertion?
a. Existence b. Completeness c. Rights and Obligations d. Valuation
Which of the following items relating to direct labor employees might be charged to specific jobs in work in process rather than factory overhead?
a. Make-up guarantee b. Idle time c. Shift premiums d. Fringe benefits
What are systems that go beyond gathering or delivering information, but also help make and improve business decisions in real time?
a. decision support systems (DSS) b. point-of-sale (POS) systems c. customer relationship management (CR) systems d. operational forecasting systems (OFS)
Stock categorized as trading securities is purchased for $52,000. At year end, when the market value of the stock is $61,000, the adjusting entry that would be recorded is:
A) Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Gain on Short-Term Investments 9,000 B) Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000 C) Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000 D) Realized Gain on Investments 9,000 Short-Term Investments 9,000