An effective control system functions before, during, and after an event. However, little control is possible during the event for most
a. variable manufacturing costs.
b. variable period costs.
c. discretionary fixed costs.
d. committed fixed costs.
D
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Jennifer's staff enjoys working for her but thinks she is a perfectionist. She often thinks that she is the only one who can handle her division's difficult clients or handle some of the most sensitive issues, so she frequently has problems with
A. responsibility. B. allocation. C. accountability. D. authority. E. delegation.
An investment promises a rate of return of 8% per year, compounded quarterly. Which of the following formulas will correctly calculate the future value if you invest $10,000 for 20 years?
a) =FV(B2/B4,B3*B4,0,-B1)
b) =FV(B3/B4,B2/B4,0,-B1)
c) =FV(B3*B4,B2*B4,0,-B1)
d) =FV(B3/B4,B2*B4,0,-B1)
Suppose a management accountant becomes aware that a poor judgment he or she made has resulted in the loss of one of the company's clients. Is the accountant bound to share this information with the company? (The accountant doubts that the company will ever find out about it directly.)
a. The management accountant is bound to honestly respond to inquiries regarding the adequacy of professional judgments but is not bound to communicate them if not directly asked. b. The management accountant is bound to communicate this error in judgment only if another client cannot be found. c. The management accountant is not bound to communicate this error. d. The management accountant is bound to communicate unfavorable and favorable judgments made even if not directly asked.
What happened to Georgia’s civil service system?
What will be an ideal response?