Absent a specific provision in its articles of incorporation, a corporation's board of directors has the power to do all of the following except:
a. Repeal the bylaws.
b. Declare dividends.
c. Fix compensation of directors.
d. Amend the articles of incorporation.
.A
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Recently, companies have been ordered by governmental agencies to clean up environmental damages caused by business operations. How should costs incurred in these situations be treated?
a. If a legal obligation exists, the cost of restoring the property must be added to the asset account. b. As an expense entirely in one accounting period. c. As an amortized expense in the period the cost is incurred. d. Added to the asset, and then depreciated over 15 years.
What is the form sent by the seller to the buyer as evidence of a sale?
a. an invoice approval form b. a purchase order c. a receiving report d. an invoice
Answer the following statements true (T) or false (F)
1. Quality circles are now known as continuous improvement teams. 2. Problem-solving teams consist of small groups of volunteers or workers and supervisors who meet intermittently to discuss workplace- and quality-related problems. 3. About 25% of Fortune 1000 companies use some form of self-managed work teams. 4. Creating self-managed teams in the workplace has a very positive effect on job satisfaction and organizational commitment.
The refusal rate for telephone survey is estimated to be as high as:
A) 30% B) 40% C) 50% D) 60% E) 75%