Which of following practices is not considered an effective means of reengineering business systems?
A. Improving the accuracy of cost allocations
B. Increasing non-value added activities
C. Identifying the best practices used by world-class competitors
D. All of these are effective means of reengineering business systems.
Answer: B
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Which of the following is an advantage of using the direct write-off method?
a. The revenue associated with the sale might be recognized in one period and the expense resulting from the uncollectible account recognized in another. b. The amount of Bad Debt Expense recognized in a given period is subject to manipulation by management. c. The amount of Accounts Receivable reported on the balance sheet does not represent the amount of cash actually expected to be collected. d. It is very simple to apply.
Tina had a large compost pile in her backyard and the smell greatly irritated her neighbour Paul. Paul was so angry he went over to Tina's one day and told her to stop composting that smelly garbage or he would take her to court
Tina told Paul to leave but he continued to look around her backyard. When he finally left he intentionally kicked her gate and broke it and stole some tools that she had left near the gate. As a result which of the following statements is FALSE? A) Tina is liable for nuisance B) Paul is liable for conversion C) Paul is liable for trespass to goods D) Paul is liable for negligence E) Paul may be able to get an injunction
Laurie is incorporating her business. Laurie's home state is Wisconsin. Business will be conducted in California, Michigan, Pennsylvania, and Virginia. Laurie
a. must incorporate the business in Wisconsin, the home state. b. must incorporate the business in Wisconsin, California, Michigan, Pennsylvania and Virginia. c. must incorporate in Delaware. d. can incorporate the business in any state.
The bank manager of a busy downtown location found herself unable to find good teller help so she invested in an ATM to handle the routine withdrawals that tended to occupy an inordinate amount the teller's time. c
Before she installed the ATM she found that customers were arriving on average every 60 seconds (Poisson distributed) and it took a teller 20 seconds (exponentially distributed) to process their request. The ATM is able to maintain a constant 30 second service time. What is the impact on the waiting time for the customers? A) There is no change. B) The wait in the ATM line is 50% shorter than the wait in the teller line. C) The wait in the ATM line is 50% higher than the wait in the teller line. D) The wait in the ATM line is 25% shorter than the teller line.