In a firm with proper segregation of duties, adequate supervision is most critical in
a. purchasing
b. receiving
c. accounts payable
d. general ledger
B
You might also like to view...
Quitting cigarette smoking and, thus, eliminating the cause of a loss is an example of
A) risk avoidance. B) risk reduction. C) risk retention. D) risk transfer.
Bonds are short-term debt issued to multiple lenders called bondholders, usually in increments of $1,000 per bond
Indicate whether the statement is true or false
Which of the following statements is correct??
A. ?In a partnership, liability for other partners' misdeeds includes but is limited to the amount a particular partner has invested in the business. B. ?Partnerships must be formed according to specific rules, which include the filing of a formal written agreement with state authorities where the partnership does business. C. ?A fast growth company would be more likely to set up a partnership for its business organization than would a slow-growth company. D. ?Under partnership law, if any partner is unable to meet his or her pro rata claim in the event the partnership goes bankrupt, the remaining partners must make good on the unsatisfied claims. E. ?A major disadvantage of a partnership as a form of business organization is the high cost and practical difficulty of its formation.
Consider the following data and its associated Excel output for a simple linear regression model
How would you describe the linear relationship between Y and X? Period Y X Period 1 10 1 Period 2 11 2 Period 3 9 3 Period 4 12 4 Period 5 13 5 Period 6 12 6 Period 7 15 7 Intercept 2.267 Slope 0.843 SE 1.810 Correlation 0.890 r-squared 0.791 A) no relationship B) positive relationship C) negative relationship D) inverse relationship E) not enough information is provided