A fiduciary is required to:
A) act in the best interests of the principal
B) eliminate all risk for the principal.
C) hire a trustee to supervise the funds involved that belong to the principal.
D) None of the above
A
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A perpetual inventory system is preferable to a periodic system if adequately controlled and maintained because of which of the following?
a. It requires that a full inventory count be taken at year-end by all warehouse employees. b. It allows management to calculate cost of goods sold at year end. c. It provides information to management where book inventory is continuously in agreement with inventory on hand within specified time periods. d. It better controls the receipt of goods.
According to expectancy theory, ______ is important in a benefits package because it gives employees the benefits that are of value to them.
A. rigidity B. flexibility C. experience D. rating
Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and ________ targeting strategies.
A. economic B. concentrated C. geographic D. global E. benefit-based
Which of the following is a prime cost and a conversion cost?
A) manufacturing overhead B) direct materials C) direct labor D) selling expenses