Ethernet users on opposite sides of a bridge are in separate
a. internets
b. intranets
c. collision domains
d. switches
c
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Using vertical analysis of the income statement, a company's net income as a percentage of sales is 15%; therefore, the cost of goods sold as a percentage of sales must be 85%
a. True b. False Indicate whether the statement is true or false
The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to detect this error is
a. a batch total of sales invoices to be prepared compared to the actual number of sales invoices prepared b. sequentially numbered sales invoices c. visual verification that all sales invoices were prepared d. none of the above will detect this error
Managers do not need to be familiar with the limitations, assumptions, and/or specific applicability of the quantitative analysis technique to use it for accurate decision making
Indicate whether the statement is true or false
Doug Everett worked for Columbia Power as a consultant for businesses in reducing their power bills. Columbia terminated Doug and provided notice to all of his customers that Doug was no longer working with Columbia. A business that had heard about Doug from one of his former clients called Doug and asked him to help with reducing power bills of their offices and plants. Doug still had his materials from Columbia and negotiated a contract with the business for Columbia to provide certain equipment to the business and also for specific new rate plans for the business. Columbia did not know of the agreement and now refuses to honor it. Which of the following statements is correct?
a. Columbia is not liable on the contract with the business because Doug’s actual (express and implied authority) had terminated. b. Columbia is not liable because a former employee cannot negotiate contracts with customers after his termination. c. Columbia is liable on the contract because Columbia did not give general notice of termination. d. Doug is liable on the contract, but not Columbia.