Which of the following scenarios is least conducive to fraud?
a. Outstanding bills at home
b. Mandatory vacation time
c. Economic downturns
d. Moral decay in upper management
b
FEEDBACK: a. Incorrect. This will increase the likelihood of fraud.
b. Correct. Frauds are often discovered when a fraudster is obliged to take a vacation.
c. Incorrect. This will increase the likelihood of fraud.
d. Incorrect. This will increase the likelihood of fraud.
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If the cost of direct materials is a small portion of total production cost, it may be classified as part of:
A) direct labor cost B) selling and administrative costs C) miscellaneous costs D) factory overhead cost
What is a defining feature of an alliance?
a. An alliance brings two or more individual organizations together b. An alliance requires these parties to be interconnected in some way with resource dependencies c. Interconnectedness involves reciprocal relations d. All of the above
Coral Inc.'s preferred stock currently sells for $90 a share and pays a dividend of $10 per share; however, the firm will net only $80 per share from the sale of new preferred stock. What is the firm's cost of newly issued preferred stock? (Round off the answer to two decimal places.)?
A. ?11.15 percent B. ?12.50 percent C. ?16.45 percent D. 10.52 percent? E. ?13.46 percent
Physicians Clinic orders by phone seven boxes of single-use latex gloves from Quality Medical Supplies, Inc After three boxes are delivered and accepted, Physicians Clinic repudiates the contract. Quality Medical can enforce the contract to
a. any extent because the order was placed orally. b. no extent because the order was placed orally. c. the extent of the three accepted boxes. d. the extent of the four undelivered boxes.