______ is a forecasting method in which it is assumed that the demand in the next period will be the same as it is in the current period.
A. Moving average
B. Naive approach
C. Simple average
D. Sales force opinion
B. Naive approach
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Dividends on cumulative preferred stock do not become a liability of the corporation until they are declared by the board of directors
Indicate whether the statement is true or false
Which of the following statements is true of misstatements or omissions of material facts in the information furnished by accountants for registration statements?
A. An accountant is not liable to a purchaser of securities issued pursuant to a defective registration statement. B. A purchaser can recover even if the accountant can demonstrate that the purchaser was aware of the misstatements or omissions in the registration statement before buying the securities. C. An accountant's duty is to have a reasonable belief in the accuracy of the figures at the time the registration statement becomes effective. D. A purchaser cannot recover if he has not read the registration statement containing the material misstatements or omissions.
Amy has just finished reading Kouzes and Posner’s book on what followers want and has learned about the practices of exemplary leaders. Based on those researchers’ ideas, which of the following is Amy likely to focus on:
a. challenging existing ideas and encouraging followers to experiment. b. overcoming resistance to change and stimulating followers intellectually. c. cultivating dramatic symbols and developing obedience and loyalty. d. express high self-confidence and build her image.
The convention of consistency has led to an increase in the notes to financial statements
Indicate whether the statement is true or false