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Indicate whether the statement is true or false
TRUE
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PQR Corporation is a sales-oriented firm that focuses on high sales. It does not take into account the customer's wants and needs, and instead concentrates on manufacturing products that will reap high profits. This attitude might lead to the firm's missing business opportunities because ______.
A. its narrow focus on manufacturing specific products does not meet customer needs and wants for a wider range of products B. it focuses on providing value and benefits to its customers instead of meeting company objectives C. it emphasizesenhancing individuals' and society's long-term best interests D. it concentrates on relationship building, empowerment, and teamwork
Preparing a bank reconciliation on a monthly basis is an example of:
A. Separation of duties. B. Poor internal control. C. Establishing responsibility. D. A technological control. E. Protecting assets by proving the accuracy of cash records.
Discuss how power and politics are related.
What will be an ideal response?
The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$167,000?Cash dividends declared for the year 52,400?Net income for the year 100,000?What is the ending balance for retained earnings?
A. $267,000. B. $14,600. C. $114,600. D. $288,000. E. $214,600.