Automated clearinghouses are commonly used by consumers to make direct payments for
A) insurance premiums.
B) mortgage payments.
C) utility bills.
D) All of the options are true.
D) All of the options are true.
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Which of the following is a standard–setting body whose mission is "to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information."?
a. Financial Accounting Standards Board b. American Institute of Certified Public Accountants c. International Accounting Standards Board d. International Financial Reporting Standards
Which of the following pricing objectives does an organization adopt when it sets the price of its
products generally low with the view to control as great a portion of the market as possible? A) product-quality leadership pricing objective B) market share maximization pricing objective C) profit maximization pricing objective D) market skimming pricing objective
Newman Manufacturing underapplied its manufacturing overhead during 2011. Which of the following statements is true regarding the adjustment to clear out the underapplied overhead?
A) Period costs will be increased B) Cost of goods sold will be increased C) Work-in-process will be decreased D) Finished goods will be decreased
Which of the following is not a consequence of bargaining centralization?
A. An increase in the number of issues brought to the bargaining table B. Decreased level of whipsawing C. Separation between the negotiators and their constituents (the people they represent) D. Improved ability to tailor contracts to local conditions