A set of procedures used to solve mathematical problems is called ________.
A. a metadata
B. a set of procedures
C. a flowchart
D. an algorithm
E. a process
Answer: D
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Variable costing is required for external reporting
Indicate whether the statement is true or false
The key steps followed by the managers in capital investment analysis include all of the following except
a. identification of capital investment needs b. preliminary screening c. formal requests for capital investments d. sunk costs.
Prior period adjustments ________.
A. are shown on the statement of retained earnings as corrections to the beginning balance B. always increase the beginning balance of retained earnings C. must be recorded in the period in which the error occurred D. can be ignored because the financial statements have already been issued
In the Fortune magazine ranking for Best Place for Minorities to Work, Fortune ranks companies based on a comprehensive list of diversity factors including:
a. Number of white senior leaders currently mentoring minority employees b. Number of minority applicants applying for general workforce positions c. Whether the organization partners with minority affiliation groups for recruitment d. Whether managers are held financially accountable for meeting diversity goals