"Are you telling me that we have to write off over $1 million in revenue because our eastern division manager did not accrue it properly?" asked the CEO. His CFO replied, "Yes. I know that we are a start-up, still working on developing policies, rules, and procedures, but, in this case, the division manager had no processes in place to monitor the project's progress." The CEO concluded, "The ________ has caused irreparable damage to our firm."
A. agreed-upon standards
B. lack of controls
C. firm's expectations
D. bureaucratic control approach
E. market control approach
Answer: B
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On September 30, Waldon Co. has $540,250 of accounts receivable. Waldon uses the allowance method of accounting for bad debts and has an existing credit balance in the allowance for doubtful accounts of $13,750. 1. Prepare journal entries to record the following selected October transactions. The company uses the perpetual inventory system. a. Sold $305,000 of merchandise (that cost $178,500) to customers on credit.b. Received $395,100 cash in payment of accounts receivable.c. Wrote off $15,700 of uncollectible accounts receivable.d. In adjusting the accounts on October 31, its fiscal year-end, the company estimated that 4.0% of accounts receivable will be uncollectible.2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its October 31 balance sheet.
What will be an ideal response?
What is a psychological contract?
What will be an ideal response?
The transportation method is a linear programming technique where linearity can be found in which of the following ways?
A) The cost of goods shipped from any source to any destination is a linear function of quantity shipped. B) The total cost associated with a given plan is a linear function of shipping costs. C) Cell evaluations assume linear movements through the matrix. D) The cost of goods shipped from any source to any destination is a linear function of the cost per unit.
Approximately what percentage of firms indicated that B2B process integration had improved supply chain visibility?
a. 10% b. 20% c. 60% d. 80%