Homework Answers
Option a , to control the quality of customer service and to reduce risk.
Reason: Outsourcing many not meet the quality standards as desired by the organization and later may face quality issues. Also, the risk of not meeting the required products or service on time will always be there with outsourcing.
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An organization may decide to continue to produce a good or service in-house rather than outsource: Select one: O a. to...
An organization will issue a bond rather than borrowing because: Select one: a. All bonds are...
An organization will issue a bond rather than borrowing because: Select one: a. All bonds are tax exempt. b. The ability to “dis-intermediate,” or remove the bank from the borrowing process, can save as much as several percent per year in financing costs. c. The issuance of the bond to many buyers spreads risk which cuts down the costs of financing. d. All of the above. e. B and C.
Which of the following is an example of an intermediate good or service? Select one: O...
Which of the following is an example of an intermediate good or service? Select one: O a. A house purchased by a family O b. Gasoline purchased by an insurance agent to visit clients at their homes c. A new computer purchased by a university student for her schoolwork O d. A car purchased by a student's parents and given to the student
Which of the following statements about credit sales are true? (You may select more than one...
Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Revenue is reported when the company is paid by the customer.unchecked Accounts receivable arise from credit...
Rather than using the cash method accountants prefer to calculate profitability using the: Select one: O...
Rather than using the cash method accountants prefer to calculate profitability using the: Select one: O a. non-current approach. O b. accrual approach. O c. adjusted approach. O d. permanent approach.
The Lemon's problem is associated with: Select one: O a. how to make good investments. b....
The Lemon's problem is associated with: Select one: O a. how to make good investments. b. how to view stocks objectively. c. a second offering of bonds. d. a second offering of stocks. e. all poor quality investments. O O
Insourcing should be considered when: Select one: O a. assurance of supply is a problem, the supplier has developed a u...
Insourcing should be considered when: Select one: O a. assurance of supply is a problem, the supplier has developed a unique process to produce the product or service and there is an opportunity to reduce costs significantly. O b. there is an opportunity to reduce costs significantly O O O c. assurance of supply is a problem. d. the supplier has developed a unique process to produce the product or service. e. assurance of supply is a problem and there...
As supply chains have become more global, the risk of supply disruptions has: Select one: O...
As supply chains have become more global, the risk of supply disruptions has: Select one: O a. increased because emerging economies lack the business ethics of developed nations. O b. stayed the same because the issues are similar wherever suppliers are located. O c. increased because of financial and exchange rate fluctuations. O d. decreased because there are global standards for labor and safety. O e. decreased because risk is spread among suppliers all over the world.
Lysogenic bacteriophages contribute to bacterial virulence because bacteriophages: Select one: a. produce toxins. O b. carry...
Lysogenic bacteriophages contribute to bacterial virulence because bacteriophages: Select one: a. produce toxins. O b. carry plasmids. c. kill human cells. O d. give new gene sequences to the host bacteria. e. kill the bacteria, causing release of endotoxins. HEPA filters are effective because they are designed to remove all airborne particulates, including microorganisms down to: Select one: a. 0.01 micrometers. b. 10 micrometers. c. 1 micrometer. O d. 0.3 micrometers. e. 10 nanometers.
1) According to the IPPF, an internal auditor assigned to an audit engagement: A) Must be an...
1) According to the IPPF, an internal auditor assigned to an audit engagement: A) Must be an expert in the area being audited B) Is responsible for detecting fraud C) Must be proficient and exercise due professional care D) Must be a Certified Internal Auditor E) All of the above 2) Internal auditing needs to consider risk in A) Developing the annual audit plan B) Conducting audit engagements C) Providing assurance to the board on the effectiveness of risk management processes D) All of the above E) None of the...
Which of the following statements is not specifically related to product life cycle costing? Select one:...
Which of the following statements is not specifically related to product life cycle costing? Select one: O a. It considers that costs in areas such as design, marketing and customer service should be included in the true cost of the product. b. Costs are accumulated in responsibility centres, with managers of each centre being accountable for costs, revenues or return on Investment. c. Cost is more effectively managed by more attention to design of the process rather than effort spent...
Which of the following is an example of an intermediate good or service? Select one: O a. A house purchased by a family O b. Gasoline purchased by an insurance agent to visit clients at their homes c. A new computer purchased by a university student for her schoolwork O d. A car purchased by a student's parents and given to the student
Rather than using the cash method accountants prefer to calculate profitability using the: Select one: O a. non-current approach. O b. accrual approach. O c. adjusted approach. O d. permanent approach.
The Lemon's problem is associated with: Select one: O a. how to make good investments. b. how to view stocks objectively. c. a second offering of bonds. d. a second offering of stocks. e. all poor quality investments. O O
Insourcing should be considered when: Select one: O a. assurance of supply is a problem, the supplier has developed a unique process to produce the product or service and there is an opportunity to reduce costs significantly. O b. there is an opportunity to reduce costs significantly O O O c. assurance of supply is a problem. d. the supplier has developed a unique process to produce the product or service. e. assurance of supply is a problem and there...
As supply chains have become more global, the risk of supply disruptions has: Select one: O a. increased because emerging economies lack the business ethics of developed nations. O b. stayed the same because the issues are similar wherever suppliers are located. O c. increased because of financial and exchange rate fluctuations. O d. decreased because there are global standards for labor and safety. O e. decreased because risk is spread among suppliers all over the world.
Lysogenic bacteriophages contribute to bacterial virulence because bacteriophages: Select one: a. produce toxins. O b. carry plasmids. c. kill human cells. O d. give new gene sequences to the host bacteria. e. kill the bacteria, causing release of endotoxins. HEPA filters are effective because they are designed to remove all airborne particulates, including microorganisms down to: Select one: a. 0.01 micrometers. b. 10 micrometers. c. 1 micrometer. O d. 0.3 micrometers. e. 10 nanometers.
Which of the following statements is not specifically related to product life cycle costing? Select one: O a. It considers that costs in areas such as design, marketing and customer service should be included in the true cost of the product. b. Costs are accumulated in responsibility centres, with managers of each centre being accountable for costs, revenues or return on Investment. c. Cost is more effectively managed by more attention to design of the process rather than effort spent...
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