Which of the following is when compensation is tied to unit-level performance where revenue increases (or cost savings) are shared with an employee?
A. piece-meal plan
B. gain-sharing plan
C. stock options
D. profit-sharing plan
B. gain-sharing plan
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Cooking food in a grocery store and giving small pieces of the food to consumers who pass by is which form of sampling?
A) in-store distribution B) direct C) response D) cross-ruffing
Which of the following is true of an indorsement to multiple persons using the virgule?
A) it can only be indorsed further with the signature of the drawer B) neither person can individually negotiate the instrument C) either person can individually negotiate the instrument D) such an instrument cannot be subsequently negotiated
Type A reorganizations involve the transfer of assets of the target corporation via a merger or consolidation.
Answer the following statement true (T) or false (F)
Which of the following presumptions does not relate to the appropriateness of audit evidence?
A. The more effective the internal control system, the more assurance it provides about the accounting data and financial statements. B. An auditor's opinion, to be economically useful, is formed within a reasonable time and based on evidence obtained at a reasonable cost. C. Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity. D. The independent auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly.