Accounting systems are important because they are a primary source of information for managers.
Answer the following statement true (T) or false (F)
True
This statement is true. Accounting systems are important because they are a primary source of information for managers.
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The endowment effect
A. is the process of making attributions to the person or the situation. B. is when negotiators believe their ability to be correct or accurate is greater than is actually true. C. is the process of drawing conclusions from small sample sizes. D. is the tendency to overvalue something you own or believe you possess.
Answer the following statements true (T) or false (F)
1. Establishing controls for efficiency of the payroll process is one of the main key controls for payroll. 2. Direct deposits decrease the efficiency of the payroll process because of cyber issues. 3. The Human Resources Department employees should pass out paychecks, hire employees, and fire employees. 4. If a business knows that a liability exists but does not know the exact amount, the business is unable to record the liability. 5. If a business knows that a liability exists but does not know the exact amount, the business must estimate the amount of the liability and report it on the balance sheet.
Which of the following are internal communication duties performed by public relations professionals?
A) coordinating relationships with media for news coverage B) reaching personnel through the intranet, newsletters, and meetings to convey company news C) coordinating relationships with outside specialty groups such as graphic services D) coordinating activities with regulatory agencies concerned about employee safety
A convertible preferred stock can be exchanged for a certain number of shares of common stock at the _____.
A. par value B. conversion price C. discount rate D. capital gain rate E. premium price