Which of the following forms of written communication can also be nonverbal and graphic communication?
a. newsletters and signs
b. reports and memos
c. posters and signs
d. bulletin boards and memos
c. posters and signs
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Important constraints underlying the qualitative characteristics of accounting information are
a. historical cost and going concern. b. materiality, conservatism, and cost-effectiveness. c. consistency, comparability, and conservatism. d. verifiability, neutrality, and representational faithfulness.
Why is plausibility an important part of sensemaking??
a. Managers have to persuade people that what is false is true and that what is false is true b. Managers have to create meaning that is sufficient to carry on with current projects c. Managers are normally deceitful as part of their job d. All of the above
A company had net income of $42,000, net sales of $320,000, and average total assets of $220,000. Its profit margin and total asset turnover were respectively:
A. 2.01%; 1.45. B. 13.13%; 1.45. C. 13.13%; 0.19. D. 1.45%; 13.13. E. 1.45%; 0.19.
The group of people within a business who are involved in making business buying decisions is referred to as
A. the new-task team. B. negotiators. C. purchasing agents. D. deciders. E. the buying center.