Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called
A) accounting controls
B) cash controls
C) preventive controls
D) detective controls
C
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Given that Carlson Corp's current ratio is 3 to 2, what is the effect of obtaining a patent from the inventor in exchange for shares of stock in Carlson Corp?
a. The current ratio would increase. b. The current ratio would decrease. c. The current ratio would remain the same. d. Unable to determine.
The classic article “skills of an effective administrator” by Katz was published in the ______.
A. Journal of Leadership Education B. Harvard Business Review C. Journal of Education and Behavior D. Forbes Business Journal
If all temporary differences entering into the determination of pretax accounting income are considered in the computation of deferred taxes and income tax expense, then the
a. no-deferral approach is being applied. b. comprehensive recognition approach is being applied. c. partial recognition approach is being applied. d. net-of-tax method is being applied.
Which of the following is a reason to become familiar with international business communication practices discussed in the chapter?
A. You may find yourself working for a company owned by a company from another country. B. Many products are made overseas. C. To learn different languages. D. Networking is always valuable for businesses.