Which of the following is not true regarding a responsibility accounting system?
A. It should not hold a manager responsible for costs over which the manager has no influence.
B. It is only relevant in manufacturing companies.
C. It can be applied at any level of an organization.
D. It assigns responsibility for costs to the appropriate managerial level that controls those costs.
E. It is designed to measure the performance of managers in terms of controllable costs.
Answer: B
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Mesquite, Inc engaged in the following transactions during October: Performed services for cash $1,840 Performed services on credit 2,100 Purchased office supplies on account 800 Paid salaries in cash 900 Collected on account 600 Paid on account 400 What is the amount of cash still to be paid?
A) $2,300 B) $2,100 C) $1,300 D) $400
Zone one, zone two, and the excess zone are used to describe which dimension of our communication styles?
A) maturity B) intensity C) predictability D) flexibility E) adaptability
Rita is appointed as an agent for Superior Sales, Inc. The agency agreement is silent as to the level of sales that Rita is expected to achieve. She must
A. achieve nothing because the agreement says nothing on the issue. B. attain the level that Rita achieved with her previous employer. C. maintain the level Superior attained before Rita became an agent. D. use reasonable diligence and skill in selling.
In-home interviewing may be completed through door-to-door canvassing of geographic areas.
Answer the following statement true (T) or false (F)