What provides an incredible stock of free secondary data?
A) The AMA
B) Textbooks
C) The Internet
D) Company reports
E) The Department of Education
C
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Answer the following statements true (T) or false (F)
1. The current ratio may indicate that the company is using its assets effectively. 2. The inventory turnover ratio measures the average number of days that inventory is held by a company. 3. Days' sales in receivables measures the return on average receivables. 4. Days' sales in inventory measures how quickly a company can collect its receivables. 5. The gross profit percentage is an indicator of how well a company is positioned to pay off its short- term liabilities.
A standard costing system
a. is not typically used by management for cost planning and cost control purposes. b. is a system in which all costs affecting the three inventory accounts and the Cost of Goods Sold account are stated in terms of actual costs incurred. c. depends on actual costs rather than planned costs. d. is employed with an existing job order costing or process costing system and is not a full cost accounting system in itself.
Answer the following statements true (T) or false (F)
1. People tend to discuss solutions before defining the problem. 2. Cognitive intelligence (IQ) is more important than emotional intelligence (EQ) for managerial success. 3. Physical arrangements have little to no impact on the outcome of a problem-solving session. 4. The problem-solving strategy is also known as the win-win approach to conflict management.
Energy Resources, Inc, operates an oil refinery near Forest River, which flows into Grove Lake. Discharging oil from the refinery into the river can result in
a. penalties and damages. b. penalties only. c. damages only. d. no penalties or damages.