The higher the risk-adjusted net present, the more viable the project
Indicate whether the statement is true or false
TRUE
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Which situation indicates an internal control risk in the General Ledger/Financial Reporting Systems (GL/FRS)?
a. the employee who maintains the cash journal computes depreciation expense b. the cash receipts journal voucher is approved by the Treasurer c. the cash receipts journal vouchers are prenumbered and stored in a locked safe d. the employee who maintains the cash receipts journal records transactions in the accounts receivable subsidiary ledger
If no mode of acceptance is stated in the offer, then any mode that is reasonable in the
circumstances may be used. Indicate whether the statement is true or false
The offeror has the right to specify how an acceptance of an offer must be made
Indicate whether the statement is true or false
Organizational buyers refer to
A. firms that in some way reprocess a good or service they buy before selling it again to the next buyer. B. manufacturers, wholesalers, retailers, and government agencies that buy goods and services for their own use or for resale. C. manufacturers, wholesalers, retailers, and government agencies that buy goods and services exclusively for their own use. D. firms that buy physical goods and resell them again without any reprocessing. E. manufacturers, wholesalers, retailers, and government agencies that buy goods and services exclusively for resale.