The terms change and innovation are not identical concepts
Indicate whether the statement is true or false
T
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Public reporting on the effectiveness of internal control over financial reporting, as required by the Sarbanes-Oxley Act, includes:
A. a statement that the public accounting firm that audited the financial statements has provided input on the design of internal controls. B. a detailed statement describing changes or additions to the internal control environment that occurred in the current year. C. the auditor provides an opinion on whether the entity maintained, in all material respects, effective ICFR as of the specified date, based on the control criteria. D. an explicit statement as to whether management agrees with the public accounting firm's assessment of internal controls.
Marketing cost analysis usually requires a new way of classifying accounting data based on natural accounts rather than the functional accounts that are typically used for financial analysis.
Answer the following statement true (T) or false (F)
Hannah Adams is a senior sales manager in Elmo Corp, a rapidly growing company manufacturing personal computers and printers
In order to handle sales effectively, Hannah insists on using the services of different groups of people from different departments within the company such as the sales, marketing, technical support, and finance departments. In this instance, Hannah makes use of ________. A) team selling B) competitive marketing intelligence C) hybrid selling D) occasion segmentation E) sales force automation systems
Which of the following are easy to trace to individual jobs?
A) direct materials and overhead B) direct materials and direct labor C) direct labor and overhead D) overhead and indirect labor E) depreciation on machinery and indirect labor