Which capital budgeting method uses accrual accounting, rather than net cash inflows, as a basis for calculations?
A) payback
B) accounting rate of return
C) net present value
D) internal rate of return
B) accounting rate of return
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For a new entrant to the work force, which of the following would indicate an ability to problem solve and manage projects?
A) Job-search websites B) A well written résumé C) Volunteering D) Membership in a student business organization E) Membership in a professional organization
The current portion of long-term notes payable is ________.
A) the amount of principal that will be paid within five years B) typically included with the long-term liabilities on the balance sheet C) recorded as an adjusting entry D) reclassified as current for reporting purposes on the balance sheet
Which of the following is not an example of a conformance cost?
A) Prevention cost B) Appraisal cost C) External failure cost D) Quality engineering cost
A big picture of the company consisting of a sentence or short paragraph that provides a broad, aspiring image of the future of the organization best defines
A) vision. B) mission. C) objective statement. D) organizational scope.