Operating expenses include cost of goods sold

Indicate whether the statement is true or false


F

Business

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Which of the following would be a case where an event as a transaction is not supported by a source document?

a. a purchase of inventory on credit b. a cash sale c. the financial consequences of a fire loss d. recording payroll

Business

U.S. News & World Report is an example of a reference material

Indicate whether this statement is true or false.

Business

The Pareto principle is important to consider when an organization is

a. assessing whether to employ activity-based costing versus attribute-based costing. b. evaluating the number of activities that are value-added versus those that are non-value-added. c. deciding whether to offer a product in one color versus in ten colors. d. determining whether simultaneous engineering activities will be impacted by the "Rule of One."

Business

Which of the following is NOT an advantage of using infographics?

A. lets firms stand out from competitors B. allow firms to share information about their products C. more fun to read than generic posts D. they are catchy to the eye E. they are more highly sharable

Business