Question 1Not yet savedMarked out of 1.00Flag questionTipsQuestion textThe amount charged when one business unit sells goods or services to another business unit is called:Question 1Answera.residual priceb.transfer pricec.market priced.opportunity coste.outlay costClear my choiceQuestion 2Not yet savedMarked out of 1.00Flag questionTipsQuestion textA visual representation that assists managers to see the linkages between the balanced scorecard and the organisation's objectives is known as aQuestion 2Answera.organisational chart b.visual scorecardc.process flowchartd.strategy mape.linking presentation Clear my choiceQuestion 3Not yet savedMarked out of 1.00Flag questionTipsQuestion textAccording to the expectancy theory of motivation, valence refers to:Question 3Answera.the belief that the performance measurement system is fairb.the capacity of one person or thing to react with or affect another in some special wayc.the belief that greater effort will lead to higher performanced.the value a person assigns to the rewards or other work-related outcomese.the belief that successful performance will lead to rewards

Question 1Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhere are long-term liabilities shown on the balance sheet?Question 1Answera.on the left side in the loan sectionb.on the right side in loan sectionc.on the right side in the liability sectiond.on the left side in the liability sectionClear my choiceQuestion 2Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhen a business records economic activity in the period it happens, this can be more readily identified as:Question 2Answera.cash basis accountingb.accrual basis accountingc.cost principled.revenue recognition principleClear my choiceQuestion 3Not yet answeredMarked out of 1.00Flag questionTipsQuestion textA parent company must own how much of the subsidiary’s common stock?Question 3Answera.0.15b.0.5c.0.25d.0.75Clear my choiceQuestion 4Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhich of the following statements about a preferred stockholder's rights to the company's income is NOT true?Question 4Answera.A preferred stock's par value represents the original investment when the shares were issued.b.The price of both common and preferred shares are subject to market determinants.c.Dividends to common and preferred shareholders are paid at the same time.d.When a business is liquidated, preferred shareholders receive funds equal to the stock's par value.Clear my choiceQuestion 5Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhat is the most common reason fair value is used to approximate the market value of an asset?Question 5Answera.because the asset's value fluctuatesb.because the asset is too old to properly valuec.because the asset is rare or unusuald.because there is no established market for the asset

Question 26Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhich of the following is not reported on the balance sheet?Question 26Answera.equipmentb.sales revenuec.capitald.accounts receivableClear my choiceQuestion 27Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhen evaluating Goodwill, if the present value of the future revenues is less than the business segment's carrying value it is said to be:Question 27Answera.downgradedb.devaluedc.depressedd.impairedClear my choiceQuestion 28Not yet answeredMarked out of 1.00Flag questionTipsQuestion textIf a company is assumed to continue trading normally for the foreseeable future it is a:Question 28Answera.economic entityb.going concernc.viable concernd.sound investmentClear my choiceQuestion 29Not yet answeredMarked out of 1.00Flag questionTipsQuestion textTo be classified as a capital expenditure the cost must do what?Question 29Answera.improve or better an existing plant assetb.be directly related to a capital accountc.involve long term repairs to an assetd.affect only a piece of machinery or equipmentClear my choiceQuestion 30Not yet answeredMarked out of 1.00Flag questionTipsQuestion textDividing the book value of the copyright by the useful life of the copyright is known as what:Question 30Answera.double declining methodb.the single depreciation methodc.amortization methodd.straight-line method

Question 2Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhich statement is also known as the book of original entry?Question 2Answera.Journalb.Trial balancec.T-accountd.Income statementClear my choiceQuestion 3Not yet answeredMarked out of 1.00Flag questionTipsQuestion text______ is a record showing increases and decreases in assets, liabilities, and equity.Question 3Answera.A transaction.b.A journalc.ledgerd.An accountClear my choiceQuestion 4Not yet answeredMarked out of 1.00Flag questionTipsQuestion text____ are prepaid expense and revenue accounts that have delayed recognition until they have been used or earned.Question 4Answera.Deferralsb.Accrualsc.Historicald.PeriodicalClear my choiceQuestion 5Not yet answeredMarked out of 1.00Flag questionTipsQuestion textA _______ is a list of all accounts in the general ledger that have nonzero balances.Question 5Answera.journalb.trial balancec.income statementd.balance shee

Question 31Not yet answeredMarked out of 1.00Flag questionTipsQuestion textA portion of the company's profits paid out to shareholders is known as:Question 31Answera.retained earningsb.a dividendc.stockholder's equityd.shareholder's earningsClear my choiceQuestion 32Not yet answeredMarked out of 1.00Flag questionTipsQuestion textWhich of these is NOT a document associated with a voucher transaction?Question 32Answera.purchase orderb.shipping noticec.receiving slipd.invoiceClear my choiceQuestion 33Not yet answeredMarked out of 1.00Flag questionTipsQuestion textDuring which phase does the team count a specific inventory?Question 33Answera.analysisb.beginningc.planningd.executionClear my choiceQuestion 34Not yet answeredMarked out of 1.00Flag questionTipsQuestion textDiscovering an asset was not revalued using fair market value results in:Question 34Answera.an asset retirement errorb.an accounting errorc.a recording errord.an accounting change errorClear my choiceQuestion 35Not yet answeredMarked out of 1.00Flag questionTipsQuestion textOwners and employees are what type of stakeholder?Question 35Answera.businessb.externalc.corporated.internal

Time left 0:36:33Question 11Answer savedMarked out of 2.00Flag questionTipsQuestion textTwo common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.Question 11Answera.TRUEb.FALSEClear my choiceQuestion 12Answer savedMarked out of 2.00Flag questionTipsQuestion textServices typically have multiple site locations to maintain close contact with customers.Question 12Answera.TRUEb.FALSEClear my choiceQuestion 13Answer savedMarked out of 2.00Flag questionTipsQuestion textNo packaging is needed and the costs per mile are low with this mode.Question 13Answera.Water (ship)b.Rail (trains)c.Pipelinesd.Highway (truck)e.Air