People who blame others or events beyond their control when something goes wrong are said to have a(n)
A. external locus of control.
B. internal locus of control.
C. democratic leadership style.
D. authoritarian leadership style.
Answer: A
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What is the purpose of the bibliography section in a formal report?
A) It limits your ethical obligation to credit your sources. B) It replaces the use of references. C) It includes the names and subjects mentioned in a report. D) It includes material that is not directly relevant to all audience members. E) It fulfills your ethical obligations to credit sources and allows readers to consult the sources.
Performance reports are often part of a managerial reporting system known as a responsibility accounting/reporting system
Indicate whether the statement is true or false
Which of the following costs do NOT change in total despite changes in volume within the relevant range?
A) fixed costs B) variable costs C) mixed costs D) total production costs
Answer the following statements true (T) or false (F)
1. The three sections of the statement of cash flows report only activities that involve cash. 2. A company purchased machinery by issuing a long-term note payable. This is an example of a non-cash investing and financing activity for the statement of cash flows. 3. Under IFRS, interest revenue and dividend income may be reported either as an operating activity or an investing activity. 4. The indirect and direct methods use different computations but produce the same amount of net cash provided by operating activities.