Under a perpetual inventory system
A) accounting records continuously disclose the amount of inventory
B) increases in inventory resulting from purchases are debited to Purchases
C) there is no need for a year-end physical count
D) the purchase returns and allowances account is credited when goods are returned to vendors
A
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Once he successfully completed the group project, the committee to review the company’s finances disbanded, and everyone returned to their original units. The finance committee is in which stage of group development?
A. forming B. storming C. norming D. adjourning
Mismatched cultures or executive power struggles can be the result of which kind of organizational cultural hindrance?
A. change hindrances B. diversity hindrances C. mission hindrances D. mergers and acquisitions hindrances
Which of the following is not one of the requirements for granting of a patent?
a. quality b. utility c. novelty d. nonobvious e. all of the above
Shirley is an actress under contract with Twentieth Century. Shirley agreed to perform the lead role in a musical to be filmed in Hollywood by Twentieth Century. At the last minute, Twentieth Century decided to scrap the musical and assigned its rights
in Shirley to MGM. MGM was planning to film a western in Australia requiring Shirley to spend six months filming in Australia. Can Shirley successfully prevent this assignment?