The business being separate and distinct from the owners is an integral part of the:
a. time period assumption.
b. going concern assumption.
c. business entity assumption.
d. realization assumption.
e. None of the answers are correct.
C
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Cost accounting is necessitated by
a. the high degree of conversion found in certain businesses. b. external reporting requirements for manufacturing companies. c. management's need to be aware of all production activities. d. management's need for information to be used for planning and controlling activities.
If Carol Reece is a charismatic leader, which of the following characteristics is she most likely to possess?
A. a strong need to be in control B. a lack of sensitivity to environmental constraints C. an external locus of control D. a willingness to take risks to achieve her vision
The mean, median, and mode are all examples of ____ statistics.
a. Descriptive b. Inferential c. Numerical d. Variation
Which act requires an employer to negotiate in good faith with the union's representatives over conditions of employment?
A. Wagner Act B. NLRB Act C. Taft-Hartley Act D. Occupational Health and Safety Act