A potential benefit of risk identification activities is that management can use the results to evaluate the performance of individuals
Indicate whether the statement is true or false
FALSE
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When you are interpreting financial ratios, it is useful to compare a company's ratios to some form of standard
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. ERP systems can integrate all of a company's functions, departments, and data into a single system. 2. The United States Bureau of Labor Statistics predicts that the manufacturing sector will account for the majority of projected job growth from 2014-2024. 3. In order to reach new markets, many companies are moving operations to other countries. 4. The value chain includes both the upstream and downstream activities of a business.
According to priority, which of the following claimants is the last to be paid after assets have been liquidated of a corporation?
A) creditors B) common stockholders C) preferred shareholders D) bond holders
Frank's property insurance requires periodic reporting of inventory values. Frank believes he can save money by under-reporting the inventory
Last period, Frank reported $200,000 when the value was really $400,000. Shortly after filing the report, when the value was $500,000, the inventory was destroyed. Ignoring any deductible, how much will Frank's insurer pay? A) nothing, as underreporting voids coverage B) $200,000 C) $250,000 D) $400,000