The plan of organization and all the methods and measures adopted within a business to safeguard its assets, check the accuracy of its accounting data, promote operational efficiency, and encourage adherence to managerial policies is called
a. accounting control.
b. administrative control.
c. managerial control.
d. internal control.
D
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A primary purpose of a balanced scorecard is to give
a. managers a way to judge past performance. b. stockholders a way to judge current performance. c. managers a way to forecast future performance. d. stockholders a way to tie strategy to profitability.
Jurisdiction can be described as A) the study of law
B) the authority of a court to hear and decide a particular type of case. C) court cases involving the U.S. Constitution or a federal statute. D) the burden of proof.
If we were to select the appropriate discount rate for a project, this rate would reflect ________
A) the risk-free rate for the currency picked for the project B) the inflation rate for the currency not picked for the project C) the default premium for the currency picked for the project D) the inflation rate for the currency picked for the project
If “10” in a variable is twice as many as “5” in that variable, what is that variable’s scale of measurement?
a. interval b. ratio c. nominal d. ordinal