A systems development project may be undertaken to take advantage of business opportunities or to solve business problems
Indicate whether the statement is true or false
TRUE
Explanation: Systems development projects are undertaken for two primary reasons: to take advantage of business opportunities and to solve business problems. Taking advantage of an opportunity might mean providing an innovative service to customers through the creation of a new system. Solving a business problem could involve modifying how an existing system processes data so that more accurate or timely information is provided to users.
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The single-step and multistep income statements result in different net income amounts
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The presence of an ethics and compliance officer (ECO) is usually limited to large organizations. 2. “Ethics assist line” is a more accurate term for those types of communication channels than “ethics hotline.” 3. Third-party contracted ethics assist lines are more common, but they have fewer advantages than lines created and hosted by an organization itself. 4. Whistleblowing should generally be considered only after all communication channels within an organization have been exhausted. 5. The IRS’s Whistleblower Reward Program does not qualify for reporting on individuals, only companies with tax fraud in excess of $2 million.
The involuntary manslaughter is different from first-degree murder, second-degree murder, and voluntary manslaughter, because involuntary manslaughter ________.
A. is exclusively a civil infraction. B. is not a criminal offense. C. is a nonintent crime. D. requires the use of a motor vehicle.
Tadman Inc. reported the following results from last year's operations: Sales$8,400,000Variable expenses 5,120,000Contribution margin 3,280,000Fixed expenses 2,944,000Net operating income$336,000?At the beginning of this year, the company has a $800,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $756,000, and a contribution margin ratio of 30% of sales.?If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to:
A. 1.0% B. 3.8% C. 3.0% D. 5.0%