_____ is an Excel tool that utilizes Dantzig's simplex algorithm to solve linear programs by systematically finding which set of constraints form the optimal extreme point of the feasible region
a. Data Analysis
b. Goal Seeker
c. Excel Solver
d. Watch Window
C
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The purchasing manager is evaluated by his/her supervisors based on purchasing inventory at the lowest price. Consequently, the purchasing manager knowingly orders materials only based on price. This has resulted in the purchase of inferior quality materials. This improved the purchasing manager's performance evaluation, but had a negative impact on production due to an increase in scrapped
materials. This situation is an example of a failure of: a. goal congruence b. management perquisites c. management by exception d. control theory
You are auditing a company whose management has intentionally made adjustments to various financial statement items that are not in accordance with generally accepted accounting principles. This behavior has occurred over a number of accounting periods
None of the individual adjustments by itself is material and the aggregate effect on the financial statements taken as a whole is immaterial. Top management of the client are aware of these misstatements and consider them part of their strategic management of earnings. Explain how you as the independent auditor should respond to this situation.
Which of the following is NOT true about advertising media?
A) Advertising media are of concern to most marketing practitioners. B) Advertising media include broadcast and print. C) Firms retain control of messages in the advertising media. D) Advertising media are directed at potential consumers of products. E) MPR depends almost solely on advertising media.
Grayson Bank agrees to lend the Trust Company $100,000 on January 1. Trust Company signs a $100,000, 8%, 9-month note. The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is
A) Interest Expense 8,000Cash 92,000Notes Payable 100,000 B) Cash 100,000Notes Payable 100,000 C) Cash 108,000Interest Expense 8,000Notes Payable 108,000 D) Notes Payable 100,000Interest Payable 6,000Cash 100,000Interest Expense 6,000