A company with a high level of operating leverage will:
A) experience fewer fluctuations in income as sales fluctuate than a company with a low level of operating leverage.
B) experience wider fluctuations in income as sales fluctuate than a company with a low level of operating leverage.
C) earn higher profits than a company with a low level of operating leverage.
D) earn lower profits than a company with a low level of operating leverage.
B
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Which of the following accounts is not classified as a current liability?
a. Note payable, due in three (3) years b. Taxes payable c. Salaries payable d. Accounts payable
Because of time delays between receiving inventory and making the journal entry
a. liabilities are usually understated b. liabilities are usually overstated c. liabilities are usually correctly stated d. none of the above
All of the following techniques are used to validate electronic data interchange transactions except
a. value added networks can compare passwords to a valid customer file before message transmission b. prior to converting the message, the translation software of the receiving company can compare the password against a validation file in the firm's database c. the recipient's application software can validate the password prior to processing d. the recipient's application software can validate the password after the transaction has been processed
Explain the concept of procedural justice and its importance to ethical and moral leadership.
What will be an ideal response?