Commercial accounting systems have fully integrated modules. The word "integrated" means that
a. segregation of duties is not possible
b. transfer of information among modules occurs automatically
c. batch processing is not an option
d. separate entries are made in the general ledger accounts and the subsidiary ledgers
B
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Roy is power oriented. He does not tolerate people on his negotiating team who do not go along with his ideas. Roy's resolves conflict in the ________ mode.
A. accommodating B. avoiding C. collaborating D. compromising E. competing
A change in accounting estimate does not result in a retrospective adjustment to previously issued financial statements
Indicate whether the statement is true or false
Your firm has decided to enter the international market with your product called "Trema," a new pocket organizer that can also be used as a cell phone
While discussing marketing plans, your CMO decides that no changes will be necessary in either the marketing mix or the product for export. What form of marketing strategy is the CMO advocating? A) distributive marketing program B) leveraged marketing program C) adapted marketing program D) engineering-driven marketing program E) standardized marketing program
The changes in account balances of the Dunedin Corporation during 2014 are presented below: Increase Assets ............................................... $133,500 Liabilities .......................................... 40,500 Common Stock ......................................... 90,000 Additional Paid-In Capital ........................... 9,000 Assuming there are no changes in retained
earnings except for net income and a dividend payment of $19,500, the net income for 2014 should be a. $6,000. b. $13,500. c. $19,500. d. $25,500.