Which situation violates the segregation of functions control procedure?
a. production planning and control is located apart from the work centers
b. inventory control maintains custody of inventory items
c. cost accounting has custody of and makes entries on cost records
d. work centers record direct labor on job tickets
B
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A set of procedures designed to insure proper accounting for transactions is called extra control
Indicate whether the statement is true or false
Which of the following is a potential disadvantage of online marketing research?
A) Participants must be in a central location. B) The format can restrict respondents' expressiveness. C) Results take longer to tabulate and analyze. D) The cost of online focus groups is greater than that of most other research methods. E) The format of the research tends to be more invasive.
Business ethics is the application of ethical standards to commercial enterprise.
Answer the following statement true (T) or false (F)
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations under the indirect method depends on the nature of its operations Firms that grow or diversify by acquiring minority ownership positions in other businesses will often show
a. an addition to net income for equity in undistributed earnings. b. a subtraction from net income for equity in undistributed earnings. c. an addition to net income for equity in distributed earnings. d. a subtraction from net income for equity in distributed earnings. e. a subtraction from retained earnings for equity in undistributed earnings.