Which of the following attributes of internal control would be violated if the purchasing department wrote checks to pay accounts payable?
A) Adequate design of documents
B) Sound personnel procedures
C) Periodic independent verification
D) Separation of duties
D
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A company had total sales of $840,000, net sales of $821,400, and an average accounts receivable of $111,000. Its accounts receivable turnover equals:
A. 61.2 B. 69.4 C. 1.0 D. 7.6 E. 7.4
To be negotiable, a check must be in writing. Under the UCC, a check
a. must be written on standard size paper of 6" × 2.5." b. must be written on an official bank form. c. need not be on any official form or even on paper. d. must be written on a pre-printed bank issued check.
Which of the following is a reason why host-country nationals are usually hired as nonmanagerial employees in international businesses?
A. They demand lesser hardship premium than parent-country nationals. B. They are cheaper to employ than parent-country or third-country nationals. C. They do not require training and eliminate the training costs of organizations. D. They are not eligible for the provisions of international labor standards.
What is the relationship between economic contribution and competitive advantage?
What will be an ideal response?