Interpersonal communication is:
A. nonpaid information such as publicity
B. paid communication placed in personal media
C. long-distance communication between a business and its target market
D. direct face-to-face communication between two or more people
E. noise-free communication
Answer: D
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A perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory, is called a(n):
A. Materials requisition. B. Purchase ledger. C. Purchase order. D. Materials ledger card. E. Materials voucher.
Mark is the treasurer of Sky-Hi-Tech Corporation and, as such, he is responsible for protecting
he assets of the corporation. One of Mark's subordinates, Jill, is in charge of reconciling the monthly corporate bank statements. Over a period of several months, Jill embezzles a large amount of money from Sky-Hi-Tech, covering up the theft using her bank reconciliations. If Mark had adequately supervised Jill, she could not have embezzled this money. Mark's actions (or inactions) constitute a breach of his duty of: A) Loyalty. B) Obedience. C) Ultra vires. D) Due care. E) This is not a violation of any duty due to the business judgment rule.
Members of limited liability companiesare shielded from personal liability in many situations
Indicate whether the statement is true or false
The liquidity ratio is designed to show the percentage of ______ you can cover with your current assets.
A. current debts B. current expenses C. long-term debts D. planned savings E. planned purchases