Which of the following statements is true regarding service businesses?
a. Many service companies use activity-based costing for determining the cost of services.
b. Assigning overhead costs is not an issue in service businesses.
c. The use of single and multiple department overhead rate methods may lead to distortions similar to those of manufacturing firms.
d. Activity-based costing does not apply to service businesses.
a
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_____ is the idea that proposes that the ability of decision makers to be rational is limited by numerous constraints, such as complexity, time, cognitive capacity, values, skills, habits, and unconscious reflexes.
A. Rational decision making B. MBO C. Nonrational decision making D. Analytics E. Bounded rationality
The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Extensions and footings on purchase invoices are verified before the invoices are approved for payment
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
In asset fraud, assets are most often:
a. understated. b. overstated. c. recorded as liabilities. d. recorded as revenues.
Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) Eighteen people have applied for the job. B) 18 people have applied for the job.