The creation of an LLC is pursuant to laws enacted by the ________ government.
A. federal
B. county
C. state
D. local township
Answer: C
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. All documents attached to an invoice approval form are canceled before a check is signed
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for shareholders/investors?
A. Reliable contracts B. Adhere to regulations/laws C. Exceptional customer service D. Maximize profits
The goal of a Six Sigma effort is to produce ______.
A. 3.4 defects in a thousand opportunities B. no fewer than 3.4 defects in a million opportunities C. at very high levels of quality D. no more than 3.4 defects in a million opportunities
Standard costs are developed for direct materials, direct labor, and variable overhead only
Indicate whether the statement is true or false