A tenet of ________ is that all people should uphold certain values, such as honesty and other values that society needs to function.
A. relativism
B. egoism
C. utilitarianism
D. universalism
E. virtue
Answer: C
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A geographically dispersed company cannot limit its knowledge to product, function, and the home territory
Indicate whether the statement is true or false
Which of the following best represents a walkthrough?
a. The controller reviews the bank reconciliation prepared by the accountant and its resulting journal entries. b. The auditor walks the production line to find inefficiencies in the inventory process and reports them to management. c. The controller takes a sample of recorded write-offs to ensure they have been properly approved. d. The auditor traces three purchasing transactions from the purchase order to the financial statement for observation and understanding.
Which of the following topics is of more concern to management accounting than to cost accounting?
a. generally accepted accounting principles b. inventory valuation c. cost of goods sold valuation d. impact of economic conditions on company operations
By convention, what is the top level in a product structure?
A) level 0 B) level 1 C) level T D) level 10 E) level 100