Which of the following is a type of conditional promise?
a. Condition concurrent
b. Condition subsequent
c. Condition illusory
d. Both a condition concurrent and a condition subsequent
d
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Assuming that net cost of purchases was $39,000 during the year and that ending merchandise inventory was $1,000 less than the beginning merchandise inventory of $12,500, how much was cost of goods sold?
A) $50,500 B) $52,500 C) $40,000 D) $38,000
_____________________ mandate that an employee may not be discriminated against based on race, creed, sex, age, or national origin
a. Corporate regulations b. United States Federal laws c. Interpol regulations d. Good Samaritan laws
Budgets are prepared in which of the following orders?
A) production budget, sales budget, direct labor budget B) production budget, cost of goods sold budget, direct labor budget C) sales budget, cash budget, production budget D) sales budget, production budget, direct materials purchases budget E) production budget, cash budget, direct materials purchases budget
________ refers to how quickly information is reflected in the available prices for trading
A) Market efficiency B) Mechanical efficiency C) Informational efficiency D) Operational efficiency