Which pair of accounts follows the rules of debit and credit in the same manner?
a. Revenue from Services and Equipment
b. Prepaid Rent and Advertising Expense
c. Repair Expense and Notes Payable
d. Common Stock and Rent Expense
B
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The effective interest rate on bonds is lower than the stated rate when bonds sell
a. above face value. b. at maturity value. c. below face value. d. at face value.
Which of the following does not reflect an open systems perspective?
a. Systems are not isolated but interact with their environment constantly b. Relationships are largely linear and can be broken down into cause and effect c. Individuals in the system may have different views of it d. A system seeks equilibrium and doesn’t change unless energy is applied
Investors expect to receive the highest returns from government-issued securities because the
government will not default on securities that it has issued. Indicate whether the statement is true or false
The individual generally responsible for the direct-material price variance is the:
A. purchasing manager. B. head of the human resources department. C. production supervisor. D. finance manager. E. sales manager.