What is the function of a cash flow budget?
A. It forecasts sales and allocates expenses for achieving them.
B. It forecasts the amount of money needed to pay expenses and make other purchases.
C. It plans and controls revenue and expenses to obtain desired profits.
D. It plans expenditures for obtaining, expanding, and replacing physical facilities.
Answer: B
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Which of the following statement present an example of a general control for a computerized system?
A. Creating hash totals from social security number for the weekly payroll. B. Limiting entry of sales transactions to only valid credit customers. C. Restricting access to the computer center by use of biometric devices. D. Restricting entry of accounts payable transactions to only authorized users.
Lincoln Company engaged in this transaction: Acquired a long-term investment by issuance of long-term debt. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
A) Investing activities section. B) Operating activities section. C) Schedule of noncash investing and financing transactions. D) Financing activities section.
It is most accurate to say that channels of distribution provide which of the following?
A. time and promotion utility B. promotion and form utility C. time, place, and form utility D. promotion, product, and place utility E. time, place, and possession utility
Performance is a function of which of the following:
A) Motivation to perform, ability to perform, and opportunity to perform B) Motivation to perform, energy to perform, and one’s state of mind C) Ability to perform, opportunity to perform, and energy to perform D) One’s state of mind, motivation to perform, and ability to perform