______ is the ongoing process through which individuals adjust their behavior based on experience.
A. Learning
B. Consensus
C. Unanimity
D. Intellect
A. Learning
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When evaluating the quality of accounting information the user should consider the reasonableness of the ____________________ made in applying GAAP
Fill in the blank(s) with correct word
A review of a company's Work-in-Process Inventory account found a debit for materials of $67,000. If all procedures were performed in the correct manner, this means that the firm:
A. was accounting for the usage of indirect materials. B. also recorded a credit to Raw-Material Inventory and was accounting for the usage of direct materials. C. was accounting for the usage of direct materials. D. also recorded a credit to Raw-Material Inventory. E. also recorded a credit to Manufacturing Supplies Inventory.
In strict liability, if a company sells a beverage in a can that has sharp edges and injures several consumers, it will be held liable even if it didn't know about the problem
Indicate whether the statement is true or false
An exit strategy is often included in the financial section of a business plan
Indicate whether the statement is true or false