What is a system of gathering financial information about a business and reporting this information to users called?
a. Accounting
b. Recording
c. Reporting
d. Auditing
e. Management Advisory Services
a
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A company will not achieve world-class status unless a quality focus
a. allows that company to achieve one or more major quality awards. b. becomes an integral part of the organization's culture. c. emphasizes the elimination of all quality costs for compliance and noncompliance. d. has been mandated by management for workers to pursue.
Foote Company was granted a purchase discount of $200 on merchandise the company had purchased a few days ago. Foote uses the perpetual inventory system. Which of the following reflects the effects of this event on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.NA (200) 200200 NA NA200 OAB.NA (200) 200200 NA 200NAC.(200) (200) NANA NA NA(200) OAD.(200) (200) NANA NA NANA
A. Option A B. Option B C. Option C D. Option D
Which of the following is true about filing for a patent?
a. Patents are based on a “first to file” basis. b. Patents are based on a “first to invent” basis. c. Patents can be shared if multiple people invent the same product. d. Patents are awarded to the best design should multiple people file at the same time.
All of the following are examples of negative office politics except ____.
A. gossip B. stolen credit C. socializing D. withholding information