If an organization is about to turn to digital systems, all its nondigital files, such as information on paper in file folders, must be converted into computer files in a process called data ____.

A. interpretation
B. preparation
C. archiving
D. translation


Answer: B

Business

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A team composed of people from different departments who are pursuing a common objective is called a _____. For example, ToysRUs may bring together employees from manufacturing, design, sales, marketing, and market research to brainstorm new board games for adults.

A. quality circle B. problem-solving team C. virtual team D. cross-functional team E. workforce

Business

Cadot Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.    Work in process, beginning:  Units in process400 Percent complete with respect to materials90%Percent complete with respect to conversion70%   Units started into production during the month18,000    Work in process, ending:  Units in process600 Percent complete with respect to materials80%Percent complete with respect to conversion40% Required:Using the weighted-average method, determine the equivalent units of production for materials and conversion costs.

What will be an ideal response?

Business

If a normal loss is anticipated on a specific job, the overhead application rate should include an amount for the cost of defective units less disposal value

Indicate whether the statement is true or false

Business

A salesperson tells his customers that he will give them some freebies if they purchase laptops from his store. However, he has neither asked the store manager if he can do so nor checked if the shop has an adequate stock of freebies. As such, he is not able to deliver the freebies to his customers. Which decision-making trap does this scenario exemplify?

A. Promising too much B. Overlooking precedent C. Responding inappropriately to failure D. Assuming only one choice is right

Business