Which of the following is not true about an imposed budget?
a. It reduces the budgeting process time frame.
b. It uses the knowledge of top management as it relates to resource availability.
c. It enhances coordination.
d. It increases the feeling of teamwork.
D
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Which of the following is not part of the information provided by HR management to support management decisions?
a. generating a variety of HR forms and documents b. preparing management reports c. preparing governmental reports d. all of these are part of the information provided by HR management
Which of the following is not a reason why the auditor needs to take special care to review significant estimates in the financial statements?
a. Organizations may try to use the estimates to "smooth" earnings. b. Organizations may create hidden reserves in unusually good years that can be used in years when real profits do not meet expectations. c. Companies may underestimate liabilities or impairment of asset values to achieve reported earning goals in years when real profits to not meet expectations. d. Companies may try to overestimate liabilities in computing leverage ratios.
The advantage of building up inventory during the off season to meet demand during peak seasons and keep production stable year round is
A) very low inventory costs because no inventory needs to be carried from period to period. B) much of the expensive capacity would go unused during most months when demand was lower. C) in the fact that a firm could get by with a smaller, less expensive factory. D) in the fact that a firm could get by with a larger, more expensive factory.
The FTC's Red Flag Rule requires notices to consumers when interest rates are about to be increased on a credit account
a. True b. False Indicate whether the statement is true or false