Tavella Company applies the consistency convention. What does this mean?
a. Tavella Co. uses the same names for all its expenses as its competitors.
b. Tavella Co. has selected certain accounting principles that can never be changed.
c. Tavella Co. applies the same accounting principles each accounting period.
d. Tavella Co. applies the same accounting principles as it competitors.
c
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The Community Reinvestment Act attempts to prevent a banking practice known as
A. redlining. B. credit scoring. C. credit diving. D. term intermediation.
Answer the following statements true (T) or false (F)
1. National culture is how we communicate at work. 2. Managers should use the same methods of communication with different receivers. 3. A hostile sender/receiver relationship requires less communication time. 4. A receiver’s level of knowledge is easily measured by asking specific, open-ended questions and receiving feedback. 5. The communication process consists of an exchange of messages that are comprised of words.
Miami Fashions uses standard costs for their manufacturing division
From the following data, calculate the fixed overhead allocated to production based on direct labor hours (DLHr). Actual fixed overhead $40,000 Budgeted fixed overhead $23,000 Standard overhead allocation rate $8 Standard direct labor hours per unit 3 DLHr Actual output 2,500 units A) $23,000 B) $60,000 C) $40,000 D) $20,000
Suzette was a financial planner with ABC Financial. Suzette decided to do some financial planning on the side in the evenings and on weekends for a competitor of ABC Financial. ABC Financial is unaware of Suzette's after-hour work. Which statement is correct?
a. Suzette has not breached a fiduciary duty to ABC Financial since her consulting is done after her work for ABC Financial. b. Suzette has not breached a fiduciary duty to ABC Financial since her behavior does not reflect badly on the finance firm. c. Suzette has not breached a fiduciary duty to ABC Financial since Suzette has a contractual relationship with her clients, not her employer. d. Suzette has breached a fiduciary duty to ABC Financial since she is competing with ABC Financial.