The UCC requires consideration for agreements modifying contracts for the sale of goods
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following terms is least consistent with the allocation of costs using a rational and systematic method?
a. depreciation b. amortization c. depletion d. upward revaluation
The plan of organization and all the methods and measures adopted within a business to safeguard its assets, check the accuracy of its accounting data, promote operational efficiency, and encourage adherence to managerial policies is called
a. accounting control. b. administrative control. c. managerial control. d. internal control.
Which of the following statements about service department costs is not true?
A) Service department costs include the costs of providing services to other departments within an organization. B) Service department costs are not allocated to other service departments. C) Service department costs should be allocated using an allocation base or cost driver related to the costs incurred. D) Service department costs do not include the costs of providing services to external customers.
Organisational approaches to talent which focus on employees who have the potential to reach senior managerial positions are referred to as:
a. inclusive b. hybrid c. elite d. exclusive