The costing system that classifies costs by both functional group and behavior is
a. process costing.
b. job order costing.
c. variable costing.
d. absorption costing.
C
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Pablo, an American who works for a U.S.-based company, has been sent to England for a work assignment. Pablo would be known as a(n)
A. repatriate. B. guest-country national. C. third-country national. D. expatriate. E. host-country national.
Which of the following is a reason why many companies require a photo ID when employees pick up their paychecks?
A) to make sure an employee's work hours have been accurately reported B) to avoid writing a paycheck to a fictitious person C) to improve efficiency of the payroll disbursement process D) to make sure all employees are legal adults
A thief stole Art's checkbook and forged Art's name as drawer of a check. The drawee paid the check in good faith and sent it to Art with the monthly statement on January 3, 2013. The thief forged other checks during February and March of 2013, which the drawee in good faith paid. All paid checks were sent to Art with monthly statements. On May 25, 2014, Art discovered all of the forgeries and
notified the drawee. For which check(s) is Art entitled to be reimbursed? A) none of them B) all of them C) the first check only D) the last check only
Scenario 13.2 Use the following to answer the questions. Star Supplies, Inc. manufactures commercial-grade floor cleaners, such as vacuums and floor polishers. The firm has recently begun manufacturing other janitorial-related product lines, such as paper products and chemical cleaners. Star Supplies distributes its products in two ways. It sells its vacuum, floor polisher, and janitorial supply products to an independent business that takes title to the products and then sells them to various small businesses throughout the region. Also, Star has a list of large businesses that it distributes to directly, on an as-needed basis. These businesses keep very little inventory and purchase janitorial supplies in small quantities. Recently, Star has decided to add two new service product
lines-paper shredding and a uniform rental service. Clint Rodriguez, the marketing manager, is conducting a meeting to discuss the ways in which Star can strategically manage these new businesses. Star has the choice of marketing the paper shredding service to their large business clients, by picking up the paper as they drop off the other janitorial supplies, or they can buy a small paper shredding business and market to both large and small business customers. With regard to the uniform rental service, Star can either pick up and deliver the uniforms to the small businesses themselves, or contract that out to a third party. Refer to Scenario 13.2. Currently, Star is using the ____ approach to distributing its janitorial supplies to its large customers. A. intensive B. just-in-time C. segmented D. outsourcing E. exclusive