A process costing system is used by a company that
a. produces heterogeneous products.
b. produces items by special request of customers.
c. produces homogeneous products.
d. accumulates costs by job.
C
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Which of the following statements is the least useful means to detect revenue-related frauds?
a. comparing financial statement amounts with the assets they represent b. comparing the financial statement performance between similar companies within the same industry c. focusing on changes in financial statement revenue-related relationships d. focusing on changes in recorded account balances from period to period
An example of a period cost is
a. advertising costs. b. indirect materials. c. product design costs. d. direct materials.
Jungmin is rating his employees on a scale of above average, average, and below average. In other words, Jungmin is using a ______ scale.
A. behaviorally anchored B. management by objectives C. narrative D. graphic rating
Cole’s performance appraisal describes his actions along a continuum. For example, when it comes to customer service, he receives a 1 if he regularly ignores customers, a 3 if he regularly greets customers, and a 5 if he regularly greets customers and asks how he can help. It appears Cole is using the ______ method of performance appraisal.
A. ranking B. management by objectives C. graphic rating D. behavioral anchored rating