Which of the following advises and assists the cost center, profit center, and investment center managers in preparing the budget?
A. the financial reporting manager
B. the budgeting department
C. the treasurer
D. the managerial reporting manager
Answer: B
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The auditor's communication of material weaknesses in internal control for a nonpublic company is:
A. required to enable the auditor to state that the examination has been made in accordance with generally accepted auditing standards. B. required to be included as part of the audit opinion. C. required even though the financial statement audit for private companies does not require an audit of the entity's system of internal control. D. the principle reason for studying and evaluating the system of internal controls.
Which of the following statements is true when we consider innovation for products in the context of the product life cycle?
a. Innovation may not be of particularly great importance for mature products. b. It is too late to improve profitability of mature products through innovation. c. Innovation is applicable only during the introduction stage of a product’s life cycle. d. Innovation is not required during a product’s growth stage.
Under the RMBCA, the charter of the corporation is required to provide all of the following EXCEPT:
a. the number of shares authorized. b. the street address of the registered office. c. names of the initial directors. d. the name and address of each incorporator.
Phillips NV produces DVD players and exports them to the United States. Last year the exchange rate was $1.25/euro and Plillips charged 120 euro per player in Euroland and $150 per DVD player in the United States
Currently the spot exchange rate is $1.45/euro and Phillips is charging $160 per DVD player. What is the degree of pass through by Phillips NV on their DVD players? A) 92% B) 33.3% C) 41.7% D) 4.1%