Taking a cash advance on your credit card for daily living expenses may not be a wise financial decision because interest begins on the cash advance balance amount immediately
Indicate whether this statement is true or false.
Answer: TRUE
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Answer the following statements true (T) or false (F)
1. Telecommuting has been found to enhance employee satisfaction and performance. 2. Over the past 10 years, business crime has all but disappeared, thanks to technological oversight. 3. George is developing a new employee schedule for his lawn care service due to the increase in business during the summer. While doing this, George is involved in organizing. 4. Susan, a district manager for a large retail chain, is comparing the goals of her stores with recent sales. She knows that two stores are underperforming, so she plans on meeting with those managers to discuss corrective action; this process is the controlling managerial function. 5. Martina recently met with her manager, Omari, who spent time motivating her by showing Martina how important she is to the company's success. Martina is now excited to do her part to help the company achieve its goals. Omari was performing the management function known as leading.
The most cost-effective type of internal control is
a. preventive control b. accounting control c. detective control d. corrective control
Total quality management requires all business functions to work together to ensure product quality
Indicate whether the statement is true or false
Global Products produces and sells limited edition decorative plates. The company's controller has the following information available from the static budget of one of the product lines for the month of April: Estimated production 2,000 units Direct material per unit 10 ounces Direct material cost per unit $.25 per ounce Actual production during April was 1,900 units and actual direct materials
cost was $4,940. If the company prepares a flexible budget for April, the projected direct materials cost would be: A) $5,200 B) $4,940 C) $5,000 D) $4,750