When an accountant has behaved negligently causing damage to a third party, the third party ________
A) cannot sue the accountant under any circumstance
B) cannot bring a tort action against the accountant to recover damages
C) cannot sue the accountant for breach of contract
D) cannot claim constructive but not actual fraud on part of the defendant
C
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Which of the following is NOT considered a project indirect cost?
A. Interest B. The project manager's salary C. Supervision D. Consultants E. Equipment
Although some management accountants strive to update their knowledge and skills, such updating is within the realm of management accountants' ethical standards
Indicate whether the statement is true or false
Graham Pottery Inc Graham Pottery Inc produces an item that gives rise to the following activities: Activity Hours Processing (two departments) 30 Inspecting 3 Rework 2 Moving (three moves) 9 Waiting (for the second process) 9 Storage (before delivery to the customer) 8 Refer to the Graham Pottery Inc information above. The manufacturing cycle efficiency is:
A) 44.7%. B) 49.2%. C) 68.4%. D) 36.8%.
Gregory borrows $200,000 from Mountain Bank to purchase a plot of land, and Mountain Bank perfects its security interest. Gregory defaults on the loan, and owes an outstanding balance of $80,000
His house has gone down in value to $160,000 at the time of default, but he has other personal assets to satisfy the debt. Which of the following is a course of action for Mountain Bank to recover the debt after foreclosing on the loan? A) proceed to judgment against Gregory B) file a financing statement C) release a termination statement D) proceed to repossess the collateral