SafeTransact is an Internet-based company that specializes in the secure electronic transfer of funds between businesses and clients. It uses some Internet tools to ensure the security of the online transactions. In this scenario, SafeTransact is a(n) _____.
A. expert system
B. cybermediary
C. intranet
D. data warehouse
Answer: B
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Uncertain tax positions:
A. are measured as the smallest amount of benefit that is cumulatively greater than 50 percent likely of being realized. B. are prohibited under GAAP. C. require a two-step process to determine how much benefit should be recognized. D. are recognized if they might be sustained solely on technical merits.
The materials quantity variance, in a standard cost system, is the:
a. Difference between the actual and standard quantities. b. Difference between the actual and standard quantities multiplied by the actual unit price. c. Difference between the actual quantity used and the actual quantity purchased multiplied by the standard unit price. d. Difference between the actual and standard quantities multiplied by the standard unit price.
According to the textbook, which of the following is not a way teams are used by organizations?
a. To provide advice on how to improve quality. b. To coordinate day-to-day work activities. c. To design and develop new products. d. To plan organizational change. e. To discipline employees.
An adjusting entry that credits Salaries Payable is an example of a(n) ________
A) accrued expense B) deferred revenue C) accrued revenue D) deferred expense