Which of the following is the most appropriate term to use when describing management's duty to its shareholders?
A) Official duty
B) Legal duty
C) Fiduciary duty
D) Statutory duty
C
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"The training session was worthwhile; it was worthwhile because employees learned to do the task correctly" is an example of the emphasis technique of _____.
A. position B. repetition C. words that label D. space and format
The profit-and-loss-sharing ratio among Simonsen, Paulson, and Richardson is 1:3:2, in the order given. Paulson is retiring from the partnership on December 31, 2017. Paulson is paid $230,000 cash in full compensation for her capital account balance. Which of the following is TRUE of the journal entry prepared at the time of retirement? (Round the final answer to the nearest dollar.)
Simonsen, Paulson, and Richardson are partners in a firm with the following capital account
balances:
A) Debit Paulson's capital account by $230,000.
B) Debit Richardson's capital account by $35,000.
C) Debit Simonsen's capital account by $23,333.
D) Debit Income Summary by $70,000.
In most companies, machines break down occasionally and employees are often less than perfect. Which type of standard acknowledges these characteristics when determining the standard cost of a product?
A) Efficiency standard B) Ideal standard C) Practical standard D) Budgeted standard
Comparing your qualifications to the company you want to apply for or the job profile helps you identify pertinent information to be included in your résumé
Indicate whether the statement is true or false