The continual process of measuring a company's own products, services, or activities against competitors' performance is:
A. performance measure.
B. budgeting.
C. responsibility center.
D. benchmarking.
Answer: D
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Terry and Farah have an oral contract for the sale of 100 books at $30 per book. If Terry delivers the books and Farah accepts them, or if Farah pays for the books and Terry accepts payment, which of the following is true?
A. Neither Terry nor Farah can raise the statute of frauds defense as the agreement has been performed at least partially. B. Farah can raise the statute of frauds defense to enforce the remainder of the contract. C. Terry can raise the statute of frauds defense to enforce the remainder of the contract. D. Both Terry and Farah can raise the statute of frauds defense as it is a complete performance.
Of the three cost-flow assumptions, when inventory costs have been rising and inventory amounts increasing, LIFO results in balance sheet figures that are _____, cost of goods sold will _____, and _____ reported net income
a. closest to current cost, be out of date, highest b. out of date, closest to current cost, highest c. closest to current cost, be out of date, lowest d. out of date, closest to current cost, lowest e. closest to current cost, closest to current cost, highest
According to the textbook, e-mail messages are the most prevalent type of communication written on the job
Indicate whether this statement is true or false.
Which of the following sentences is most effective in de-emphasizing the bad news?
A) Although cash refunds are not offered, you can exchange resalable merchandise. B) Although you can exchange returned merchandise, cash refunds are not available. C) Because we only exchange merchandise, it is impossible for you to receive a cash refund. D) Because of our exchange policy, you may not receive a cash refund.