Describe the barriers to the success of control systems. Consider one of your college classes as an example and your instructor as someone who would like to have good control systems in place. Explain if and how the barriers have detracted from performance in the class.
What will be an ideal response?
The barriers are:
Too much control.
Too little employee participation.
Overemphasis on means instead of ends.
Overemphasis on paperwork.
Overemphasis on one instead of multiple approaches.
The student should then explain if and how the barriers have detracted from performance in the class.
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Which one of the following statements is true?
a. The flow of inventory costs should match the physical flow of the merchandise. b. Accounting standards require that merchandise costs be specifically traced to units left in inventory and to units that have been sold. c. Accountants have developed methods which make assumptions concerning how costs should be assigned to inventory and cost of goods sold. d. Alternative inventory cost flow assumptions have the same effect on the amount of net income reported.
Sigma represents ______.
A. a student fraternity at the University of Texas at Dallas B. the standard deviation of outcomes in a process C. the mean of outcomes in a process D. the mode of outcomes in a process
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a. property damage b. directors' and officers' liability c. public liability d. workers' compensation
Which of the following is true of Rule 10b-5?
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