MarchTech Corp. is a software company that has its headquarters in Japan. The company has operations in France and India. Japan is the ________ of MarchTech.
A. host country
B. receiving country
C. guest country
D. third country
E. parent country
Answer: E
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The options for remedying a supplier-related cost disadvantage include
A. shifting into the production of substitute products. B. instituting forward vertical integration. C. shifting from a low-cost leadership strategy to a differentiation or focus strategy. D. pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost-saving opportunities. E. cutting selling prices and trying to win a bigger market share.
Bob, a guest in Jim's house, opens Jim's desk and writes a check to himself on Jim's checking account, forging Jim's signature. He indorses the check "Bob Saunders" and presents it to Jim's bank for payment. If the bank pays, can it collect from Jim's account?
a. Yes, because Bob is the real payee. b. Yes, because Jim's name is on the check. c. No, because bank should have known the signature is forged. d. No, because Jim did not know of the check.
Qualified plans designed to give partial ownership of the corporation to the employees are referred to as
A. employee stock ownership plans. B. corporate pension ownership plans. C. profit-sharing plans. D. stock dividend retirement plans.
While performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. It was, in fact, not materially misstated. This situation illustrates the risk of:
A. Incorrect acceptance. B. Assessing control risk too high. C. Incorrect rejection. D. Assessing control risk too low.