Which of the following statements is true of people with an external locus of control?
A. They are extremely self-reliant.
B. They validate their own efforts.
C. They take complete control of their lives.
D. They feel buffeted by the actions of others.
Answer: D
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Empirical research that attempts to determine why particular accounting alternatives are selected by management is an example of:
a. normative research. b. deductive research. c. positive accounting research. d. analytical research.
How is the average number of days to collect accounts receivable computed?
A. Accounts Receivable ÷ Net income B. Accounts Receivable ÷ 365 C. 365 ÷ Accounts receivable turnover ratio D. Sales ÷ Net accounts receivable
A logistics manager uses this type of logistics information system to select a carrier for an outgoing shipment or to develop a weekly schedule of deliveries
A) decision support B) planning C) execution D) operating
Plant assets are used in operations and have useful lives that extend over more than one accounting period.
Answer the following statement true (T) or false (F)