Which of the following are elements of context?
a. the number of leaders in an organization
b. cultural or geographic circumstances
c. the number of managers in an organization
d. the degree to which managers and leaders communicate with each other
b. cultural or geographic circumstances
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Simplicity is the main advantage of which of the following process costing methods?
A) weighted average B) FIFO C) LIFO D) Exact cost method
Under the Children's Online Privacy Protection Act, websites are prohibited from collecting personal information from children regardless of whether parental consent is obtained
a. True b. False Indicate whether the statement is true or false
The Inventory account is a controlling account for the inventory subsidiary ledger that contains a separate record for each separate product.
Answer the following statement true (T) or false (F)
If the buyer of goods breaches the sales contract by refusing to accept conforming goods, a remedy available to the seller under the UCC is:
a. cover. b. simply to cancel all performance due the buyer under the terms of the contract. c. to resell the goods and sue the buyer for damages. d. simply to cancel all performance due the buyer under the terms of the contract and to resell the goods and sue the buyer for damages.