Which of the following is an example of a source document in a computerized accounting information system?
A) statement of cash flows
B) balance sheet
C) bank checks
D) general ledger
C) bank checks
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Which of the following is an addition to net income when the indirect method is used?
a. an increase in inventory b. a loss on sale of equipment c. a decrease in accounts payable d. an increase in accounts receivable
You are working with a sales management consultant on ways to improve your company's sales performance. Your company sells high-end consumer products. You and the consultant agree your promotional activities need to include more direct interaction with your customers. Based on this information, which of the elements of promotion should you emphasize more?
A. Advertising B. Sales promotions C. Personal selling D. Public relations E. Discounting
Which of the following are used to evaluate whether a manager is acting in an ethical manner?
A. job descriptions B. bonuses and penalties C. assessment and penalties D. reward and evaluation systems
Which of the following is a key difference between financial accounting and management accounting?
A) Financial accounting is concerned with preparing cost analyses, whereas management accounting is concerned with creating reports. B) Financial accounting considers such aspects as profitability, whereas management accounting does not consider profitability. C) Financial accounting creates information for outsiders, whereas management accounting is for insiders. D) Management accounting is based on historical data, whereas financial accounting is based on real time data. E) Accounting knowledge creates information for all stakeholders, whereas accounting knowledge is used for internal purposes only.