Which of the following is an objective of internal control?
A) to encourage employees to follow company policies
B) to ensure timely payment of accounts payable
C) to ensure timely collection of accounts receivable
D) to guarantee that a business makes a profit
A
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Which of the following indicatesthe final step of the selling process, in which the salesperson ensures delivery schedules are met, goods or services perform as promised, and the buyers' employees are properly trained to use the products?
A. Follow-up B. Negotiation C. Developing and proposing solutions D. Handling objections
Bad Debt Expense is also called the Provision for Bad Debts and the Provision for Uncollectible Accounts. Provision in this context refers to
a. a liability in U.S. GAAP, not an expense; that provision in IFRS refers to an expense whose timing or amount, or both, are uncertain. b. an expense in U.S. GAAP, not a liability; that provision in IFRS refers to an expense whose timing or amount, or both, are uncertain. c. an liability in U.S. GAAP, not an expense; that provision in IFRS refers to a liability whose timing or amount, or both, are uncertain. d. an expense in U.S. GAAP, not a liability; that provision in IFRS refers to a liability whose timing or amount, or both, are uncertain. e. none of the above.
Which of the following forms of agency relationships does a power of attorney document establish?
A) agency by agreement B) agency by implied authority C) agency through ratification D) agency by estoppel
Which of the following acronyms identifies the ''Big Five'' personality dimensions?
A. MBTIA B. CANOE C. VALUE D. MARSE E. SMART