Which of the following events does not require a journal entry?
A) Purchase of a one-year insurance policy.
B) Agreement to perform a service at a future date.
C) Payment for a service performed previously.
D) All of these choices.
B
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Which of the following is not a Business Management Support role of the Accounting/Finance Function in Business?
A. Financial consolidation, reporting and analysis. B. Management information. C. Planning, budgeting and forecasting. D. Investment appraisal.
Answer the following statement(s) true (T) or false (F)
6, 6. Research has determined that if entrepreneurs who have failed try again, they are far more likely to be successful in their second venture. 7. Research shows that most failures occur in the first two years of business. 8. The Practice of Entrepreneurship provides a way for entrepreneurs to avoid uncertainty. 9. Deciding you want to open an Indian restaurant and then researching your market, gathering information, and opening the restaurant is an example of the creation approach. 10. Experimentation can also be thought of as learning by doing
As October came to a close, Geoff updated the sales and operations plan with figures for actual sales, production, inventory, costs, and constraints before turning the production staff's attention to November, a process known as:
A) planning. B) rolling. C) closing out. D) pencil whipping.
A company that uses activity-based costing would likely allocate costs from:
A. activity-cost pools to products and services. B. service departments to production departments. C. service departments to products and services. D. service departments to production departments and then to products and services. E. activity-cost pools to production departments.