Brainstorming the potential causes for a problem is referred to as?
a. Mindmapping
b. Causal forecasting
c. Root cause analysis
d. Critical path method
c. Root cause analysis
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Which one of the following is true when the effective-interest method of amortizing bond discount is used?
a. Interest expense as a percentage of the bonds' book value varies from period to period. b. Interest expense remains constant for each period. c. Interest expense increases each period. d. The interest rate decreases each period.
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations depends on the nature of its operations. _____ usually show an addback for deferred tax expense, whereas firms that _____ show a subtraction
a. Rapidly growing firms; have operating losses b. Firms that have operating losses; are profitable c. Profitable firms; have operating losses d. Firms that stop growing or that shrink; rapidly growing firms e. Rapidly growing firms; stop growing or that shrink
If the Petty Cash fund is not replenished at the end of the accounting reporting period:
a. net income will be understated or net loss will be overstated. b. assets will be understated on the balance sheet. c. the cash account will be understated. d. it indicates that the petty cash fund is probably short. e. the income statement and the balance sheet will not be correct.
Describe the five principles central to service design thinking?
What will be an ideal response?