Accountants provide financial information to various parties so they can make business decisions.
Answer the following statement true (T) or false (F)
True
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If Ecuador is considered a "small" country, a tariff will ______ increase its national welfare.
a. never b. always c. sometimes d. only slightly
The Golf Club Company makes custom golf clubs. The manufacturing supervisor interviews people who have specialized manufacturing skills, and he informs payroll when an employee is hired. The employees use a time clock to record the hours they work. The
employees are also required to keep a record of the time they spend working on each order. The supervisor approves all time cards. The accountant analyzes the job tickets and prepares a labor distribution summary. Payroll prepares the payroll register and paychecks. The supervisor distributes the paychecks to the employees. Payroll informs cash disbursement of the funds required to cover the entire payroll amount. The cash disbursements clerk ensures that there are adequate funds in the company's regular checking account to cover the payroll. Describe at least three internal control weaknesses; for each weakness suggest an improvement to internal control.
Which is a great way for organizations to minimize the negatives for employees in high pressure positions?
a. change their assignment b. increase their responsibilities c. provide free massages d. offer stress reduction programs
Mark is trying to sell a metal-bending machine to a manufacturing firm. He decides to talk to people inside the firm who have expertise in metal bending-who can then provide this information to the buying center. The people he is targeting are known as ________.
A. gatekeepers B. users C. initiators D. influencers E. aggregators