A basic principle of internal control over cash receipts is that the deposit of the cash and the recording of the receipts into the journal should be separated
Indicate whether the statement is true or false
TRUE
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Which assessment tool listed below is used to determine an organization’s success in accomplishing its mission?
A. outcomes B. financial ratios C. peer evaluation D. cost–benefit analysis
Cost of goods sold / Average inventory is the formula for which of these analytical measures?
a. rate earned on total assets b. number of days' sales in inventory c. inventory turnover d. current ratio
The social contract theory is derived from Rawls's social justice theory
Indicate whether the statement is true or false
When Alex, the marketing manager of FrontStreet Inc., realized that his plan to increase sales levels was not producing the results he desired, he took quick action to make necessary adjustments. According to this scenario, Alex was exercising the management function of
A. planning. B. controlling. C. organizing. D. communicating. E. leading.