Discuss the importance of periodic reporting and the time period assumption.
What will be an ideal response?
For information to be valuable to decision makers, it must be presented in a timely
fashion. To provide timely information for decision making, accounting systems are designed to
prepare periodic reports at regular intervals. The time period assumption assumes that an
organization's activities can be divided into specific time periods such as months, quarters or years.
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All of the following are elements that describe descriptive research EXCEPT:
A) it is based on data that is collected using small, nonrepresentative samples. B) it is based on a clear statement of the problem. C) it is based on specific hypotheses. D) it is based on specification of the information needed. E) data are collected in a structured fashion.
The global economic crisis of 2008 had little effect on the volume of world trade that year
Indicate whether the statement is true or false
Who is best suited for collecting information for job analysis?
What will be an ideal response?
Sales mix refers to the combination of products sold by a company.
Answer the following statement true (T) or false (F)