Which of the following activities is not a component of the operating cycle?
a. Payment of employees' wages
b. Sale of merchandise
c. Purchase of merchandise
d. Collection of cash from merchandise sales
A
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On an organization's board of directors,
A. inside directors are supposed to be elected from outside the organization and outside directors may be members of the firm. B. inside directors must work for the company and outside directors are also members of the firm. C. inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm. D. inside directors are always retired executives and outside directors typically are employees. E. inside directors must work for the organization and outside directors are paid members of the organization.
If the standard to produce a given amount of product is 1,000 units of direct materials at $11 and the actual was 800 units at $12, the direct materials quantity variance was $2,200 unfavorable
Indicate whether the statement is true or false
ISO 9001 standard is intentionally _________ so that it can be applied to any given organization, public or private.
a) comprehensive b) variable c) generic d) process-specific
Off-the-job training is delivered to employees while they perform their regular jobs.
Answer the following statement true (T) or false (F)