The process of evaluating results in relation to plans or objectives and deciding what action, if any, to take is referred to as ________.
A. supervising
B. controlling
C. decision making
D. directing
Answer: B
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Factory supplies used during the year is adjusted by
a. debiting Factory Supplies and crediting Factory Supplies Expense. b. debiting Factory Supplies Expense and crediting Factory Supplies. c. debiting Office Supplies Expense and crediting Factory Supplies Payable. d. debiting Factory Overhead and crediting Factory Supplies.
The FCPA has
A. resulted in American foreign business going to Japanese and German businesses. B. challenged the creativity of American managers and consultants to develop ways to work around the FCPA. C. brought the discussion of bribery into the open, which has, overall, been positive. D. hurt American business because managers cannot use bribes any more.
Under the indirect method, an increase in accounts payable is:
a. added to the net income to arrive at the net cash inflow from financing activities. b. not reported in the statement of cash flows. c. added to the net income to arrive at the net cash inflow from operating activities. d. subtracted from the net income to arrive at the net cash inflow from operating activities.
A user-directed test of the complete system in a test environment is called a(n) ____ test.
A. unit B. integration C. stub D. acceptance