Under the periodic inventory system, cost of goods sold is treated as an account
Indicate whether the statement is true or false
F
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The purpose of making materiality judgments is to make sure that financial statements are free of any material misstatement
a. True b. False Indicate whether the statement is true or false
What are the advantages and disadvantages of decentralization within an organization?
PatientsLikeMe is a social network for people living with a wide variety of diseases and medical conditions. Which of the following is an example of how PatientsLikeMe uses crowdsourcing in its business model?
a. pharmaceutical companies provide financial backing for the site’s network resources to reduce infrastructure costs b. members enter detailed medical information themselves to reduce labor costs associated with aggregating data c. founders host monthly social events for all full-time employees to promote a sense of community across the company d. a small group of members are paid to participate in market research projects in order to adjust the site in response to members’ needs
Creating change within the social construction perspective means
a. rigidly following the same set of rules through a well-defined process. b. being inventive and creative with how change is achieved, negotiating among stakeholders to produce dialogues. c. following a traditional model from inputs through processes to outputs. d. expressing discontent with current practices in an effort to pressure change.