Acknowledging a special favor, such as a job recommendation, is an example of using professional courtesy
Indicate whether the statement is true or false
TRUE
Special favors, such as recommending you for a job, and thoughtful actions, such as sending
flowers or a gift, should be acknowledged in writing with a thank-you note. This is an example
of professional courtesy.
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Answer the following statements true (T) or false (F)
1. Accurate demand planning can result in excess inventories and unwanted capacity. 2. Demand forecasts are rarely accurate in predicting the actual demand that will occur in the future period. 3. A clear picture of market dynamics is difficult to obtain with regard to demand planning. 4. One of the approaches to reduce the inaccuracy of forecasts is through acceleration of the forecasting process to reduce errors. 5. One of the factors for collaborative forecasting is the customers’ buying power.
Which of the following statements is false?
a. Favorable variances are recorded in the general journal as debits and unfavorable variances are recorded as credits. b. Variances are closed out at the end of each accounting period. c. Only standard costs are recorded in the inventory accounts. d. A variance is the difference between an actual cost and a standard cost.
When it comes to finding assistance with regard to a new venture’s patent, the venture should deal with what kind of attorney?
a. IP b. Real Estate c. Commercial d. Merger & Acquisition
It is unconstitutional for the legislative branch of government to delegate power to the executive branch
Indicate whether the statement is true or false