Which of the following activities does a CIO perform?
A. Oversees all uses of information technology.
B. Ensures the strategic alignment of IT with business goals.
C. Ensures the strategic alignment of IT with business objectives.
D. All of the above.
D. All of the above.
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The Advertising Self-Regulatory Council (ASRC) of the Council of Better Business Bureau is composed of:
A) consumers and legal experts on advertising law B) judges and law professors from various universities C) advertising professionals and CEOs of major corporations D) advertising professionals and civic individuals
If $15,000 is considered to be material to the income statement, but $25,000 is material to the balance sheet, the auditor should set overall materiality at which of the following dollar amounts?
a. $20,000 b. $25,000 c. $40,000 d. $15,000
A strong rapport deepens the quality of the relationship between the customer and the salesperson, making successive sales easier.
Answer the following statement true (T) or false (F)
An electrician completes a rewiring job and is paid $1,000 by the customer in November. The customer has a small fire in his house and sues the electrician for the repayment of the $1,000 fee plus damages in December. The electrician reaches a settlement with the customer in the following February and refunds the $1,000 fee. How should the electrician treat these events when he files his tax return in April?
A. The income will be reported for the year of receipt, and a tax deduction will be claimed on the tax return for the year of repayment. B. Both the income and the deduction will be reported on the same tax return (for the year of receipt). C. The income will be reported for the year of receipt, and then an amended return will be filed in the following year to claim the refund. D. No income will be reported.