Although focus on quality is considered a modern management issue, the Deming Prize was actually established in the 1950s
Indicate whether the statement is true or false
True
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Which one of the following is not an advantage of LIFO?
A) In periods of rising prices, less income tax is paid. B) In periods of rising prices, less holding gains are reported in net income. C) Record keeping and financial statement preparation are easier. D) Conservative income statements and balance sheet disclosures result from rising prices.
A requirement of GAAP is that companies should review their assets to ensure they are not impaired, especially when a change dictates the book value may not be recoverable
Indicate whether the statement is true or false
Malicious and destructive programs cause millions of dollars of loss to corporations annually
Indicate whether the statement is true or false
According to the Fair Credit Billing Act (FCBA), if the credit card holder thinks that the card issuer has made an error on the statement, he has ________.
A. 60 days from the time the statement was mailed to report, in writing, the error B. 30 days from the time the statement was mailed to report the error C. 120 days from the time the statement was mailed to report, in writing or orally, the error D. 90 days from the time the card was issued to report, in writing, the error