Companies that use accrual accounting recognize revenues and expenses at the time that cash is received or paid, respectively.
Answer the following statement true (T) or false (F)
False
Accrual basis companies recognize revenue when earned and expense when incurred, regardless of when cash is received or paid.
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Ron and several fellow workers of Vicy, Inc., a small manufacturing company, wished to organize a union. When Vicy learned of this activity, it issued a bulletin to all workers stating that a union would only hurt the company and that "we are a family that can solve any problems ourselves -- we do not need union activists from outside our company trying to tell us what to do!" Which statement is correct concerning the bulletin issued by Vicy?
A. Vicy has committed an unfair labor practice. Vicy must remain neutral during the organizing drive. B. Vicy has committed an unfair labor practice. The bulletin constitutes outrageous interference with the union organizing campaign. C. Vicy has not committed an unfair labor practice. An employer may vigorously present anti-union views to its employees. D. Whether Vicy has committed an unfair labor practice depends on whether the bulletin was approved by the NLRB.
Identify an example that deals with an employee who engages in theft of time.
A. Diana, a customer of InStyle Cosmetics, who shoplifts cosmetic products B. Rahul, a finance employee at Global Inc., who transfers small sums from Global's books to his own account C. Lee, a supervisor at Builders Co., who uses office stationery for personal use at home D. Anna, a manager at Infoholics Inc., who takes extra sick leaves almost every month
Which of the following reports can be used to track problems and evaluate MRP system performance?
A. performance control reports B. exception reports C. MRP execution reports D. MRP planning reports
When IDEO studied Chicago’s commuters for the Ford Company, what did they learn about the commuters?
a. Commuters had specific and similar needs. b. There were three distinct groups of commuters with different needs. c. Speed was preferred over comfort. d. Commuters had asked for phone apps to help them with their commutes.