Closing the temporary accounts at the end of each accounting period does all of the following except:
A) Serves to transfer the effects of these accounts to the retained earnings account on the balance
sheet.
B) Prepares the dividends account for use in the next period.
C) Brings the revenue and expense accounts to zero balances.
D) Has no effect on the retained earnings account.
E) Causes retained earnings to reflect increases from revenues and decreases from expenses and
dividends.
D) Has no effect on the retained earnings account.
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A fiscal year that ends when business activities have reached their lowest point is called the natural business year
Indicate whether the statement is true or false
____________, also known as customized or personalized pricing, refers to the practice of price discrimination
a. Critical ratio pricing b. Dynamic pricing c. Collective pricing d. Fixed pricing e. Classical pricing
Which of the following events occurs during the opening conference in a consultation provided by an Occupational Safety and Health Administration (OSHA) official to an employer?
A) The consultant studies the entire workplace or the specific operations designated by the employer and discusses the applicable OSHA standards. B) The consultant sends the employer a detailed written report explaining the findings and confirming any abatement periods agreed upon. C) The consultant places a confidential phone call to OSHA informing it about the safety standards being violated by the employer. D) The consultant meets with the employer to briefly review the consultant's role and the obligations of the employer.
The project organization works best when which of the following conditions are satisfied?
I. Work tasks can be defined with a specific goal and deadline. II. The job is typical and familiar to the existing organization. III. The work contains interrelated tasks requiring specialized skills. IV. The project is temporary but unimportant to long-term organizational success. V. The project cuts across organizational lines. A) I, II, III, IV, V B) None of the above conditions need to be satisfied. C) I, III, V D) I, II, III, V E) I, III, IV, V