Which of the following groups ensures the objective evaluation of managers' performance?
a. Board of directors
b. Operating officers
c. Stockholders
d. Audit committee
d
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With respect to e-procurement, Acosta, Ahold, Best Buy, Carrefour, Family Dollar Stores, and several other companies joined forces to form a ________ called 1SYNC to use their combined leverage to obtain lower prices for raw materials
A) manufacturer's co-op B) supplier's co-op C) middleman group D) buying alliance E) buying cabal
Methods used to maintain an audit trail in a computerized environment include all of the following except
a. transaction logs b. transaction listings c. data encryption d. log of automatic transactions
In ________, cost does not enter directly into the calculation of sample size
A) stratified sampling B) simple random sampling C) cluster sampling D) A and C are correct
1. $7,000 of merchandise inventory was ordered on September 2, 2009 2. $3,000 of this merchandise was received on September 5, 2009 3. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received. 4. On September 10, 2009, $800 of the merchandise was returned to the seller. Based on the above information,
what would the journal entry for September 10, 2009 include? A) Debit to Merchandise Inventory $800 B) Debit to Purchases Returns $800 C) Credit to Merchandise Inventory $800 D) Credit to Accounts Payable $800