MaxTrain Corp. recognizes that its competitor GlasWell Corp., which is unionized, offers higher wages and benefits. To avoid unionization demands from its workers, MaxTrain decides to offer the same wages and benefits to its employees as GlasWell. Which of the following phenomena is exemplified in this case?
A. The leniency effect
B. The sorting effect
C. The halo effect
D. The spillover effect
Answer: D
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Bluesy Company acquired land and paid for it in full by issuing $700,000 of its 1 . percent bonds payable and 40,000 shares of its common stock, par $10 . The stock was selling at $21 per share and the bonds were trading at 102 . What amount should Bluesy record as the cost of the land?
a. $1,100,000 b. $1,540,000 c. $1,554,000 d. $1,604,000
Which of the following is the best advice about the use of direct quotations in a report?
A) Beware of overusing quotations because you may appear as if you have no ideas of your own. B) If you use a direct quotation, don't dilute its impact by summarizing it or introducing it in your own words. C) Place the direct quotation in quotation marks, but change a few words to show you have your own ideas. D) Avoid using any direct quotations in a report.
Delivery of inputs to storage facilities prior to their use ______.
a. can contribute to increased potential for damage to inputs b. is an example of mura c. reduces cost of production d. can contribute to overproduction
The primary purpose of a generalized computer audit program is to allow the auditor to
A. Use the entity's employees to perform routine audit checks of the electronic data processing records that otherwise would be done by the auditor's staff accountants. B. Test the logic of computer programs used in the entity's electronic data processing systems. C. Select larger samples from the entity's electronic data processing records than would otherwise be selected without the generalized program. D. Independently process electronic data processing records.