Which type of U.S. bankruptcy deals with the liquidation of the company in which the company goes out of business?

a. Chapter 7
b. Chapter 13
c. Chapter 11
d. Chapter 5


A

Business

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Which input control check would detect a posting to the wrong customer account?

a. missing data check b. check digit c. reasonableness check d. validity check

Business

Ms. Wright leads the sales department. On the day that one of her sales people is out sick, she inputs an order, and includes an incorrect delivery date. This order is delivered late to an important customer. When the customer calls up to complain, Ms. Wright tells the sales department that is was she who input the order and made the mistake. This is an example of Ms. Wright’s ______.

a. grit b. passion c. internal locus of control d. internal accountability

Business

Which of the following terms does not mean the same as the others?

a. Footing b. Folio c. LP d. Post. Ref.

Business

When depreciation rates are revised, all years of the asset's life are affected by the new computation

Indicate whether the statement is true or false

Business