A comparison of a company's performance with that of its competitors is known as
A) common-size analysis.
B) intercompany comparison.
C) ratio analysis.
D) intracompany comparison.
B
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Which one of the following is a sound internal control procedure for cash disbursements?
a. Making copies of purchase orders for the receiving department so they know how many items to be expected upon delivery b. Using presigned checks to facilitate payment within the cash discount period c. Comparing purchase requisitions, purchase orders, receiving reports, and invoices d. Requiring the signature of the purchasing department supervisor on checks
The departmental overhead rate method traces costs to each department and then determines an allocation base for each department.
Answer the following statement true (T) or false (F)
Which of the following statements is true of liability suits that involve a foreign defendant?
A) If the manufacturer is located in another country, the U.S. importer, wholesaler, or distributor is liable for the injuries caused by the defective imported product. B) If a foreign corporation produced the defective goods, the long-arm statute always provides a U.S. court jurisdiction over the corporation. C) The Hague Convention on the Service of Judicial and Extrajudicial Documents in Civil and Commercial Matters accepts the means of service used in the United States. D) If a foreign defendant has no assets in the United States, the U.S. importer, wholesaler, or distributor has to pay the damages.
Managers of effective work groups tend to monitor the performance of their team members regularly, and they provide frequent feedback to them.
Answer the following statement true (T) or false (F)