Productivity is calculated as ______.
a. output divided by input
b. input divided by output
c. output times input
d. input plus output
a. output divided by input
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Which of the following statements is NOT correct?
a. The voucher system is used to improve control over cash disbursements. b. The sum of the paid vouchers represents the voucher payable liability of the firm. c. The voucher system permits the firm to consolidate payments of several invoices on one voucher. d. Many firms replace accounts payable with a voucher payable system.
Which is the primary assertion tested in conjunction with obtaining evidence regarding impairment?
a. Valuation. b. Cutoff. c. Existence. d. Rights.
A list of questions that address traditional areas of uncertainty on a project is known as a(n) ________.
Fill in the blank(s) with the appropriate word(s).
Responsibility for the variable overhead spending variance is usually assigned to
A) the purchasing department B) the production department C) the engineering department D) the personnel department E) none of these