If an assignee gives consideration in exchange for an assignment, an enforceable contract exists between the assignor and assignee
Indicate whether the statement is true or false
true
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To improve accountability for fixed asset retirements, management most likely would implement a system of internal control that includes:
A. a level of authorization above the department initiating the retirement. B. periodic inspection of insurance policies by the internal auditors. C. periodic inquiry of plant executives by internal auditors as to whether any plant assets have been retired. D. continuous analysis of the repairs and maintenance account.
Munson Auto Parts Inc is a retailer of auto parts and supplies. They often deliver auto parts to various mechanic shops around town allowing the shops to pay for the parts delivered within 45 days. Recently, Munson's accountant has computed that the
accounts receivable turnover ratio is "7". Assuming the company is open 365 days a year, is the company receiving payment from its customers in a timely enough fashion? Explain.
The study conducted by Chongxin Yu and Stephen J. Frenkel of the University of New South Wales suggested that managers should engage in supportive behaviors that encourage employees to feel connected to their peers and to anticipate the possibility of a successful career path in the organization in order to
a. Inspire more social behaviors in the workplace b. Facilitate more top-down leadership in the workplace c. Foster less autocratic leadership in the workplace d. Facilitate more creativity in the workplace
Both Sam's Club and Costco have positioned themselves as providing a variety of items to shoppers at prices lower than retail stores. These stores have positioned themselves based on
A. price/quality relationship. B. application. C. product knowledge. D. attributes. E. personalized sales support.