Managerial accounting primarily provides information on past performance
Indicate whether the statement is true or false
False
You might also like to view...
Oxxon Co's ship ran into a rock, spilling oil on some cottage lands
Jane Doe is a member of an environmental protection group that wants to bring a class action against Oxxon as a test case on behalf of all cottage owners whose property was affected by the oil spill. Jane does not own a cottage, but a majority of the cottage owners support her. Which of the following is TRUE? A) Jane can start a class action provided she states that it's on behalf of all cottage owners whose land was damaged by the oil spill. B) Jane can start class action provided she has the written permission of a majority of cottage owners whose land was damaged by the oil spill. C) Jane must ask the court to certify her as a representative of the affected cottage owners before she can start the proposed class action. D) Jane cannot start a class action in these circumstances because class actions are restricted to product liability actions. E) Jane can start a class action provided she is prepared to indemnify the cottage owners for their costs in the event the action is unsuccessful.
Concurrent conditions occur when mutual duties of performance are to take place simultaneously
a. True b. False Indicate whether the statement is true or false
The __________ affects organizations indirectly.
Fill in the blank(s) with the appropriate word(s).
An advantage of e-checks is that they
A) involve simple processing systems. B) operate outside the traditional banking industry. C) contain much more information then traditional paper checks. D) fit current business practices, and so require little process reengineering.