An actor is an entity outside the system that interacts with the system to achieve a specific goal

Indicate whether the statement is true or false


TRUE

Business

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Sarbanes-Oxley Act requires all U.S. companies to maintain adequate internal control systems

Indicate whether the statement is true or false

Business

Dixon, Inc. uses a standard cost system. On December 31, the last day of the accounting period, the account balances include the following:


What is the net operating income on a standard cost income statement of the company for the year ended December 31?

A) $8,780
B) $6,290
C) $8,470
D) $7,530

Business

A corporation is a separate entity from its owners where the:

A. owners are not personally responsible for the obligations of the company. B. articles of incorporation are not required to set up the company. C. company cannot enter into binding contracts in its name. D. death or withdrawal of an owner dissolves the company.

Business

The highest level of brand familiarity is brand

A. equity. B. recognition. C. insistence. D. nonrecognition. E. preference.

Business