A business letter
a. should always contain a date line
b. may or may not have a salutation
c. should always have three paragraphs
d. should always have a postscript
A
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The South Korean government has recently abandoned the "chaebol" industry structure in favor of the "keiretsu" structure
Indicate whether the statement is true or false
The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Although the department supervisor can indicate a preferred supplier or vendor on purchase requisitions, the purchasing department has the responsibility for making the
final decision on a vendor. a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Why do companies need to search for practical means to harness renewable sources of energy like wind and water?
What will be an ideal response?
The comment that "items that are not material may be recorded in the financial statements in the most economical and expedient manner possible" is representative of:
a. matching. b. conservatism. c. realization. d. materiality. e. None of the answers are correct.