Indicate the plural form of the singular noun. belief
beliefs
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When merchandise is acquired on account and the perpetual system of inventory is used, the journal entry for the purchase would include
a. debiting Purchases and crediting Accounts Payable. b. debiting Accounts Payable and crediting Merchandise Inventory. c. debiting Merchandise Inventory and crediting Accounts Payable. d. debiting Accounts Payable and crediting Purchases.
A sales forecast is an example of an organizational control from the _____ area.
A. physical B. informational C. human resources D. financial E. capital
Not all self-service technologies improve service quality, but they can make service transactions more accurate, convenient, and ________
A) faster B) "high touch" C) interactive D) technical E) internal
Pam certified a statement prepared by John, her employee, without checking John's work. He was never known to be anything but diligent and his integrity had never been questioned. The audit contained gross misstatements. Pam defends a suit against her claiming "due diligence." She will:
a. succeed, since she had no reason to believe her employee would lie. b. succeed, because a reasonable person would have inquired further. c. fail, because due diligence requires reasonable investigation. d. fail, because she is automatically liable for her employee's act.