In the over-the-counter market, dealers are linked with the purchasers and sellers of securities through the ________ system
A) NASDAQ
B) NYSE
C) AMEX
D) SEC
E) NYMEX
A
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Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Poseidon uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 4 pounds per unit; $4 per pound Direct labor: 4 hours per unit; $15 per hour Poseidon produced 5000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the direct labor cost variance was $6000 F. Which of the following is a logical explanation for this variance? A) The company used fewer labor hours than allowed by the standards. B) The company paid a lower cost per hour for labor than allowed by the standards. C) The company used a lower quantity of direct materials than allowed by the standards. D) The company paid a lower cost for the direct materials than allowed by the standards.
While preparing a bank reconciliation, which of the following items would be subtracted from the balance per the bank statement?
A) Outstanding checks B) Deposits in transit C) Bank service charges D) Interest earned on the bank account
What is ethnocentrism? Provide an example.
What will be an ideal response?
Objective risk is defined as
A) the probability of loss. B) the relative variation of actual loss from expected loss. C) uncertainty based on a person's mental condition or state of mind. D) the cause of loss.