A salesperson walks into a patisserie and says to the proprietor," Ms Kylie, your pastries are delicious. I have never tasted any better in my whole career." This is an example of a(n):
A. customer benefit approach.
B. introductory approach.
C. complimentary approach.
D. multi-question approach.
E. opinion approach.
Answer: C
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In considering contingencies, IFRS and GAAP define the term "probable" as
A) IFRS - likely; GAAP - likely B) IFRS - likely; GAAP - more likely than not C) IFRS - more likely than not; GAAP - likely D) IFRS - more likely than not; GAAP - more likely than not
Which of the following situations is not the result of a weakness in or lack of internal controls?
A. Financial statements are misstated because individuals were able to update financial information beyond that needed to perform their job functions. B. Earnings per share are misstated due to a spreadsheet error. C. A sales order is placed on back-order, but is never filled or canceled. D. The vendor bills an amount different than the amount entered on the purchase order.
B & B Inc B & B Inc manufactures and produces widgets and has the following data available for the year: Units started into production 180,000 Total good units completed 170,000 Total hours of value-added production time 180,000 Total production hours 255,000 Refer to the B & B Inc information above. What is the total throughput per production hour?
A) .67 B) 1.79 C) .64 D) .82
Mark, a power tool salesman, promises Jill, a customer, that the Turbo Power Hedge Trimmer 1000 will easily cut through bamboo up to 3 inches thick. Mark's statement constitutes an express warranty if Jill purchases the hedge trimmer
a. True b. False Indicate whether the statement is true or false