As an in-charge auditor, you are reviewing a summary of control weaknesses in cash disbursement procedures. Which one of the following weaknesses, standing alone, should cause you the least concern?
A. Checks are signed by only one person.
B. Treasurer fails to establish validity of names and addresses of check payees.
C. Cash disbursements are made directly out of cash receipts.
D. Signed checks are distributed by the controller to approved payees.
Answer: A
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Which of the following statements is true of the Uniform Commercial Code about acceptance by shipment?
A. It specifically says that an order requesting "current" shipment of goods impliedly refuses acceptance. B. It says that a seller who ships "nonconforming goods" has accepted the contract if the seller reasonably notifies the buyer that such a shipment is intended as an "accommodation" to the buyer. C. It forces the seller to give the buyer timely notice of his inability to fill an order. D. It says that a seller who ships "nonconforming goods" has failed to breach a contract.
A cost is sunk if it
a. is not an incremental cost. b. is unavoidable. c. has already been incurred. d. is irrelevant to the decision at hand.
Which of the following types of companies would not have the following cost pattern? Raw materials ® Work-in-process ® Finished goods ® Cost of goods sold
A) Tire manufacturer B) Automotive manufacturer C) Retailer / merchandiser D) Construction company
Persuasive Requests Persuasive requests are reasonable, ethical, and logical arguments that overcome anticipated resistance. Persuasive requests include making a persuasive claim, asking a favor, requesting information, and persuading within an organization. ? Read the scenario about making a claim, and then answer the question. ? You work for the Charleston China Company in Bakersfield, CA
Your spouse is being transferred to Arlington, VA, and you will be moving. You would like to be transferred to one of Charleston China's D.C. area stores so that you can continue to work for the company after the move. You know there will be an opening in D.C. soon, but the company does not often transfer workers at your level. To get the company to transfer you, you need a _________ request message. A. routine B. persuasive Fill in the blank(s) with correct word