Managers do not make decisions about future events based on:
A. Perfect information.
B. Actual information.
C. Estimated information.
D. Financial information.
Answer: A
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Which of the following accounts would appear on the inventory purchases budget and pro forma balance sheet?
A. Accounts payable B. Sales revenue C. Cost of goods sold D. Accounts receivable
I tend to tell my staff what to do and how to do it while I encourage them and ask them for input about the goals of our organization. Which of my followers will benefit most from my use of these behaviors?
A. D1 B. D2 C. D3 D. D4
If you label a behavior as being unacceptable, who "owns" the problem?
a. No one b. You c. The other person whose behavior is unacceptable b. Both you and the person whose behavior is unacceptable
A customer purchased a drill press on November 14 on account from Sears. The drill press was delivered two weeks later. The customer paid for the drill press on December 5. When should Sears record the revenue for this transaction according to the revenue recognition principle?
A. Evenly in each of the two months. B. One-third in November and two-thirds in December. C. December. D. November.