Given that a CR program should be part of a company’s business strategy, it should also be part of the communications strategy. Describe the advantage of integrating these roles and what is one of the easiest ways to do this?
What will be an ideal response?
When the two are integrated, companies can embed values across the organization and enhance both internal and external communications. From a practical standpoint, one of the easiest ways to integrate Communications and CR is by integrating calendars.
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A confirmation is used to:
A. verify a representation from a third party. B. verify that a specific trend is correct. C. verify that a control is being observed. D. verify the inventory count is correct.
Which one of the following statements is true?
a. Accountants have developed methods which make assumptions concerning how costs should be assigned to inventory and cost of goods sold. b. Alternative inventory cost flow assumptions have the same effect on the amount of net income reported. c. Accounting standards require that merchandise costs be specifically traced to units left in inventory and to units that have been sold. d. The flow of inventory costs should match the physical flow of the merchandise.
A merchant middleman who is engaged primarily in selling to ultimate consumers is referred to as broker
Indicate whether the statement is true or false
The intentional loading of sales at the end of a period to customers that do not need the goods at that time should not be recorded as revenues
a. True b. False Indicate whether the statement is true or false