How do Fixed Asset Systems differ from the expenditure cycle?
The fixed asset system processes nonroutine transactions for a wider group of users in the organization than the expenditure cycle. Further, the expenditure cycle processes routine acquisitions of raw materials inventories for the production function and finished goods inventories for the sales function. The expenditure cycle transactions are oftentimes automatically approved by the system, while fixed asset transaction approvals typically demand individual attention due to the uniqueness of the transactions.
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Every interpersonal contact is ______. It has never happened in just that way before, and it will never happen in just that way again.
Fill in the blank(s) with the appropriate word(s).
A written message is the best choice
A) when you need to have a quick interaction. B) when you need a record of your conversation. C) when the matter is simple and your colleague is next door. D) when the email system isn't working. E) when the customer has indicated that an IM is appropriate.
In which of the following scenarios would the doctrine of binding precedent NOT apply?
A) A judge of the Superior Court of Justice of Ontario is hearing a case with similar facts and points of law to a case already decided by the Supreme Court of Canada B) The Court of Appeal of Prince Edward Island is hearing a case with similar facts and points of laws to a case already decided by the Supreme Court of Canada. C) A judge of the Supreme Court of British Columbia is hearing a case with similar facts and points of law to a case already decided by the Court of Appeal of British Columbia. D) The Court of Appeal of Manitoba is hearing a case with similar facts and points of law to a case already decided by a judge of the Supreme Court of British Columbia. E) It would apply in all of the above cases.
MegaCorp is incorporated in the state of Delaware and is registered only in Delaware. Jolene purchased a MegaCorp product from a company's sales representative following a presentation in Michigan. Jolene was seriously injured by the product in Michigan. Under the Model Act, if Jolene sues in Michigan, can MegaCorp defend the suit there?
a. MegaCorp may only defend against a lawsuit in Michigan if it first registers by paying back fees, taxes, and penalties. b. Yes, MegaCorp can bring or defend against a lawsuit in any state regardless of whether the corporation is registered to business in that state. c. Yes, MegaCorp can defend against a lawsuit in Michigan regardless of whether MegaCorp is registered to do business in that state. d. No. Jolene must sue and MegaCorp may defend a lawsuit only in Delaware.