In organizations, hard sources of power tend to be derived on the basis of one’s ______.
a. position in the hierarchy
b. relationships with others in the organization
c. number of followers
d. length of time with the organization
a. position in the hierarchy
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Which of the following statements is true of a merchandise category?
A. It is the largest unit available for keeping inventory. B. It is the basic unit of analysis for merchandising decisions. C. It is the unit of inventory least affected by seasonal trends. D. It is the smallest unit available for keeping inventory. E. It is an assortment of complementary SKUs.
When testing a standard cost system, the auditor does not normally make which of the following inquiries?
a. The method for developing standard costs. b. The method for identifying components of overhead and of allocating overhead to products. c. The method for identifying sales cutoff. d. The method used for allocating variances to inventory and cost of goods sold.
Liquids such as oil and natural gas can be transported through pipelines
Indicate whether the statement is true or false
The receivables turnover ratio is calculated as:
a. 365 ÷ Average Receivables. b. Average Receivables ÷ 365. c. Cash Sales ÷ Average Receivables. d. Credit Sales ÷ Average Receivables.