Masterview, Inc purchased a new computer system, which included some computer programs. When Masterview developed financial troubles, two competing creditors of Masterview claimed the right to repossess the computer system and the programs. The UCC distinguishes "software" from "goods" and treats them differently for some purposes, which would be important in this situation
a. True
b. False
Indicate whether the statement is true or false
True
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The following set of items describes activities completed by a company in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. An employee from the accounting department compares the control list and the cash register tapes with the bank deposit slip
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
The Sarbanes-Oxley Act requires the audit committee to hire and oversee the external auditors
Indicate whether the statement is true or false
Receivables are usually listed in order
A) of the due date B) of the size C) alphabetically D) of liquidity
All of the following decisions fall within the scope of operations management EXCEPT for:
A) creating the company income statement. B) design of goods and services. C) location strategy. D) managing quality. E) human resources and job design.