Which of the following steps in the performance reward plan model comes before the others listed?
a. set performance rewards
b. identify performance measures
c. determine reward
d. identify critical success factors
D
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Checks are signed by designated officers in the finance department
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance$15,800 Book balance$17,025 + Deposit in transit 5,200 Bank service fees -25 - Outstanding checks -4,600 NSF returned -600 Adjusted bank balance$16,400 Adjusted book balance$16,400 One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
A. A credit to Cash of $600 B. A debit to Cash of $625 C. A credit to Cash of $4,600 D. A debit to cash of $25 E. A debit to Cash of $5,200
After seeing a "sale" ad in a local newspaper, Ben went to a local pet supply store and bought a year's supply of high-protein dog food. Which marketing function or functions-if any-did he perform?
A. financing and risk taking B. consuming market information C. transporting and storing D. buying E. Ben performed all these marketing functions.
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