Which one of the following is NOT commonly used by public relations firms to charge clients for services?
A. Percentage of sales achieved D. Retainer plus staff time
B. Straight hourly charges E. Project fixed fee
C. Monthly retainer
A
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Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing function allow goods to be invoiced that are not shipped. The inadequate control activities could cause an:
A. overstatement of revenues and receivables and an understatement of inventory. B. overstatement of revenues, receivables, and inventory. C. understatement of revenues and receivables and an overstatement of inventory. D. understatement of revenues, receivables, and inventory.
If a company ________, it should adopt a product sales force structure, in which the sales force specializes along product lines
A) specializes in a single product B) manufactures a small number of simple products C) maintains that product specialization is counter productive D) has numerous and complex products E) lacks salespeople with superior technical know-how
A component of internal control is:
A) risk assessment. B) journals. C) subsidiary ledgers. D) controlling accounts.
The Equal Employment Opportunity Commission (EEOC) will not issue a right to sue letter to the complainant if it does not find a violation upon investigation of the charge
Indicate whether the statement is true or false