A bank reconciliation should be prepared Whenever the bank refuses to lend the c

Question

A bank reconciliation should be prepared

Whenever the bank refuses to lend the company money

When an employee is suspected of fraud

To explain any difference between the depositor's balance per books and the balance per bank

By the person who is authorized to sign checks

1 points   

QUESTION 2

What data is plotted on a typical X-Bar Chart to determine if the process is in control?

The individual part measurement.

The number of defects in a sample.

The average for a sample of part measurements.

The range, R, for each sample.

None of the above is a correct answer.

1 points   

QUESTION 3

Face to face selling is the least controlled part of international marketing due to the cultural diversity. Hofstede has developed the "five universal values" framework for defining national culture that influences negotiation behavior and how best to adapt their selling styles. One of these 5 universal values is "time orientation." Which of the following illustrates aspects of time orientation that will affect sales negotiations?

Greater emphasis should be placed on developing the relationship.

Asians view the short-term contract as only one facet of developing a business relationship.

The relationship forms the basis of negotiation with Japanese and Korean business executives.

Asians have long time orientations and therefore spend longer time establishing relationships before conducting business than Europeans and North Americans.

All of the above.

1 points   

QUESTION 4

Stone hired Mason as a salaried employee to work as a janitor in the common areas of Stone's apartment building. Mason was negligent in that he left a slippery, wet floor without putting up a warning or roping off the wet area. Martha slipped and fell on this wet floor. Who is liable for this accident?

Stone only.

Mason only.

Both Stone and Mason.

Neither Stone nor Mason.

1 points   

QUESTION 5

The price of one country’s currency in terms of another’s is called

The exchange rate.

The interest rate.

The Dow Jones industrial average.

None of the above.

1 points   

QUESTION 6

Which legal form(s) of business always impose(s) double taxation on the earnings of the business?

C corporation

S corporation

limited liability partnership

A and B

1 points   

QUESTION 7

Frequently, criminals can talk a critical computer password out of an individual, a practice called

Dumpster diving.

Social engineering.

Biometrics.

Filtering.

1 points   

QUESTION 8

Import restrictions are usually classified as

Voluntary export restraints (VERs) and orderly marketing arrangements.

Tariff and non-tariff barriers.

Quotas and non-quota barriers.

Non-quantitative and quantitative non-tariff barriers.

1 points   

QUESTION 9

What is the population parameter estimated by the sample standard deviation, s?

1 points   

QUESTION 10

The primary goal of the managers of the firm is to

Maximize shareholder wealth

Work as little as possible

Consume excessive perks

Make investment decisions that will benefit the manager

Whenever the bank refuses to lend the company money

When an employee is suspected of fraud

To explain any difference between the depositor's balance per books and the balance per bank

By the person who is authorized to sign checks

Explanation / Answer

The correct answer is option C.

A bank reconciliation is nothing but the process by which the balances of an individual accounting records are matched for a cash account with the information on a bank statement. The difference between the cash balance in the bank statement and the amount in individual's account are adjusted.

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