Which one of the following is a sound internal control procedure for cash disbursements?
a. Making copies of purchase orders for the receiving department so they know how many items to be expected upon delivery
b. Using presigned checks to facilitate payment within the cash discount period
c. Comparing purchase requisitions, purchase orders, receiving reports, and invoices
d. Requiring the signature of the purchasing department supervisor on checks
c
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Which of the following best describes the purpose of swimlanes (or lanes)?
A. Depict interactions between organizations in a process. B. Depict the sequence of tasks in a process. C. Depict different departments of the same organization in a process. D. Depict different organizations involved in a process.
Last year, Brown Manufacturing had a contribution margin ratio of 40%. This year, fixed expenses are expected to remain at $50,000 and sales are expected to increase by $90,000. What should the contribution margin ratio be this year if the company wishes to increase net operating income by $31,500?
A) 78.75% B) 40.00% C) 35.00% D) 55.56%
Which of the following statements is TRUE about data marts?
A. Data mart users possess the data management expertise that data warehouse employees have. B. A data mart is like a distributor in a supply chain, while a data warehouse can be compared to a retail store. C. Data marts address the needs of a particular department or functional area of a business. D. Data marts are larger than data warehouses. E. Data marts contain only metadata for data warehouses.
Labor negotiations are like a theatrical play in all of the following ways except:
A. The lead negotiators are often like actors putting on a show for their audience. B. Experienced lead negotiators often meet with each other in private or "backstage". C. What happens "on stage" at the bargaining table has no real effect on the relationship between union and management. D. The bargaining table and setting for bargaining is like a stage.