Which of the following statements is true of the Sarbanes-Oxley Act?
A. It does not require lawyers to report concerns of wrongdoing if not addressed.
B. It does not require codes of ethics for senior financial officers.
C. It includes requirements for certification of documents by officers.
D. It focuses mainly on the tone or culture of a firm.
Answer: C
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________ scaling is a comparative scaling technique that uses a rank order procedure to sort objects based on similarity with respect to some criterion
A) Constant sum B) Q-sort C) Paired comparison D) Rank order
In analyzing production flow, a bottleneck is
a. an intermediate inventory. b. always off the critical path. c. a capacity constraint. d. related to a non-value-adding activity.
A prospect list from a CRM database is likely to include which kinds of information?
A) amount, date, and likelihood that a sale will close B) salesperson bonus information on closed sales C) dates of sales competitors have made to the prospect D) salesperson's conclusions on any calls made to the prospect E) which salespeople earned the highest commissions, in descending order
In year one, McClintock Co. acquired a truck that cost $75,500 with an estimated $14,000 salvage value and 4 year estimated useful life. Depreciation in the first year was $15,375. McClintock had the following transactions involving plant assets during Year 2. Unless otherwise indicated, all transactions were for cash. Jan. 5Paid $5,000 to put a new engine in the truck that is expected to make the truck run more efficiently and increase the truck's useful life by one year. The salvage value did not change.Mar. 1Paid $2,000 to replace a broken tailgate that was damaged when a heavy carton was inadvertently dropped on it.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?