The following journal entry would be made in a processing costing system when units that have been completed in the final processing department are transferred to the finished goods warehouse:    Finished GoodsXXX Materials XXX

Answer the following statement true (T) or false (F)


False

Business

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When applying the lower-of-cost-or-market rule to inventory valuation, market generally means

a. original cost, less physical deterioration. b. replacement cost. c. original cost. d. resale value.

Business

In the context of the process of selection of employees, validity is making sure that:

A. an employee selection test is administered by a trained professional. B. an employee selection test is approved by all businesses alike. C. the results of an employee selection test are kept confidential. D. the contents of an employee selection test correspond to job performance.

Business

Suppose an agency inspector, such as an OSHA safety inspector, discovers an apparent violation of a regulation at a business being inspected:

a. the violation may be cleared up informally b. under the Administrative Procedures Act, a complaint must be filed and a notice of violation sent to the company c. the inspector must file a formal complaint, but the company could agree to correct the problem before litigation d. all suspected violations must be reported to a U.S. Attorney for consideration for prosecution e. none of the other choices

Business

A(n) ________ has a microchip in it to hold data

A) ATM card B) smart card C) cookie D) key escrow

Business