Chap018
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Chap018

Course Number: MBA 587, Spring 2011

College/University: Missouri (Mizzou)

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Chapter 18 - Material Requirements Planning Chapter 18 Material Requirements Planning True / False Questions 1. MRP stands for Manufacturing Requirements Planning. FALSE Level: Easy 2. MRP II stands for Manufacturing Resource Planning. TRUE Level: Easy 3. All firms maintain bill of materials (BOM) files, which are simply a sequencing of everything that goes into a final product. TRUE Level: Easy 4. MRP is...

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18 Chapter - Material Requirements Planning Chapter 18 Material Requirements Planning True / False Questions 1. MRP stands for Manufacturing Requirements Planning. FALSE Level: Easy 2. MRP II stands for Manufacturing Resource Planning. TRUE Level: Easy 3. All firms maintain bill of materials (BOM) files, which are simply a sequencing of everything that goes into a final product. TRUE Level: Easy 4. MRP is based on dependent demand. TRUE Level: Easy 5. MRP is most valuable in industries where a number of products are made in batches using the same productive equipment. TRUE Level: Easy 18-1 Chapter 18 - Material Requirements Planning 6. The master production schedule (MPS) is a time-phased plan specifying how many of each end item to build and when the firm plans to build them. TRUE Level: Easy 7. A time fence is a unit of productivity related to time. FALSE Level: Easy 8. MRP is least valuable in industries where a number of products are made in batches using the same productive equipment. FALSE Level: Easy 9. Management defines time fences as periods of time having some specific Level of opportunity for the customer to make changes. TRUE Level: Easy 10. The master production schedule states the number of items to be produced during specific time periods. TRUE Level: Easy 18-2 Chapter 18 - Material Requirements Planning 11. MRP provides the schedule specifying when each part and component of an end item should be ordered or produced. TRUE Level: Easy 12. MRP is a logical, easily understandable approach to the problem of determining the number of parts, components and materials needed to produce each end item. TRUE Level: Easy 13. The deeper one looks into the product creation sequence, the more the requirements of dependent demand items tend to become "lumpy". TRUE Level: Medium 14. The deeper one looks into the product creation sequence, the more the requirements of dependent demand items tend to smooth out and become even over time. FALSE Level: Medium 15. Developing the master production schedule is done by disaggregating the aggregate production plan. TRUE Level: Easy 18-3 Chapter 18 - Material Requirements Planning 16. Time fences increase productivity by reducing the time spent waiting for each product to be produced. FALSE Level: Easy 17. A master production schedule is an essential input to a material requirements planning (MRP) system. TRUE Level: Easy 18. A necessary input to the material requirements planning (MRP) system is an exception report. FALSE Level: Easy 19. A necessary input to the material requirements planning (MRP) system is an inventory records file. TRUE Level: Easy 20. Use of time fences maintains a reasonably controlled flow through a production system. TRUE Level: Easy 18-4 Chapter 18 - Material Requirements Planning 21. The philosophy of material requirements planning is that materials should be expedited when their lack would delay the overall production schedule and de-expedited when the schedule falls behind and postpones their need. TRUE Level: Easy 22. The "theme" of MRP is getting the right materials to the right place before they are needed. FALSE Level: Easy 23. In today's modern world of rapid computing and just-in-time replenishment of supplies, freezing the master production schedule is unnecessary. FALSE Level: Easy 24. To implement a MRP system successfully, a high degree of inventory and bill-of-material accuracy is required. This may involve significant change in how a firm operates. TRUE Level: Easy 25. One of the biggest complaints by users of MRP systems is that MRP is too flexible in making changes in schedules when the need arises. FALSE Level: Easy 18-5 Chapter 18 - Material Requirements Planning 26. Computing the quantity of each component that goes into a finished product requires expanding (or exploding) each item in a product structure file and summing at all Levels. TRUE Level: Easy 27. If you cannot provide a master production schedule (MPS) as an input file, you cannot run a material requirements planning (MRP) system. TRUE Level: Easy 28. One of the outputs of an MRP system is a bill of materials (BOM) file. FALSE Level: Easy 29. A BOM file is often called a product structure file or product tree because it enumerates all of the component parts of the end item product. TRUE Level: Easy 30. Computing the quantities of each component that goes into a finished product requires expanding (or exploding) each item in a product structure file and summing at all Levels. TRUE Level: Easy 18-6 Chapter 18 - Material Requirements Planning 31. Net change MRP systems are "activity" driven. TRUE Level: Easy 32. A modular bill of materials includes items with fractional options. FALSE Level: Easy 33. A modular bill of materials is the term for an item that can be produced and stocked as a subassembly. TRUE Level: Easy 34. The MRP program performs its analysis from the bottom of the product structure trees up, imploding requirements Level by Level. FALSE Level: Easy 35. Low Level coding in MRP indicates the exact status of each item managed by the system in "real time". FALSE Level: Easy 18-7 Chapter 18 - Material Requirements Planning 36. In a net change MRP program, a change in one item will result in a completely new inventory plan and schedule for every item in the master production schedule. FALSE Level: Easy 37. In a net change MRP system requirements and schedules are updated whenever a transaction is processed that has an impact on the item. TRUE Level: Easy 38. In a net change MRP system requirements and schedules are considered rigid and never updated. FALSE Level: Easy 39. Net change MRP reflects the exact status of each item managed by the system in "real time". Goal: 3 TRUE Level: Easy 40. An MRP program with a capacity requirements planning module allows rescheduling to try to Level capacity. TRUE Level: Easy 18-8 Chapter 18 - Material Requirements Planning 41. A material requirements planning (MRP) system with information feedback from its module outputs is termed a "closed-loop MRP" system. TRUE Level: Easy 42. Since MRP systems focus on batch or lot-sized orders and JIT is focused on individual item production, the two systems are incompatible and cannot work together. FALSE Level: Easy 43. Generally, determining lot sizes in MRP systems is simple. FALSE Level: Easy 44. A lot-for-lot (L4L) lot sizing technique does not take into account setup costs or capacity limitations. TRUE Level: Easy 45. The lot-for-lot (L4L) lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations. FALSE Level: Medium 18-9 Chapter 18 - Material Requirements Planning 46. Lot-for-lot (L4L) is the most common lot sizing technique. TRUE Level: Easy 47. The economic order quantity (EOQ) lot sizing technique uses the "square root formula" to balance set-up cost, carrying cost and cost of stock-outs. FALSE Level: Easy 48. The economic order quantity (EOQ) lot sizing technique produces or acquires exactly the amount of product that is needed each time period with none carried over into future periods. FALSE Level: Easy 49. "Available to promise" is a term referring to unsold finished goods inventory. FALSE Level: Easy 50. The difference between the number of units currently included in the master schedule and the number of units in firm customer orders is often called "available to promise". TRUE Level: Easy 18-10 Chapter 18 - Material Requirements Planning 51. The least total cost method (LTC) lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal. TRUE Level: Easy 52. The least unit cost method (LUC) lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal. FALSE Level: Easy 53. The least unit cost method (LUC) of lot-sizing technique adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost. TRUE Level: Easy 54. The least unit cost method (LUC) of lot-sizing technique adds ordering, stock-out and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost. FALSE Level: Easy 55. "Projected available balance" is a term referring to unsold finished goods inventory. FALSE Level: Easy 18-11 Chapter 18 - Material Requirements Planning 56. Projected available balance is the amount of inventory that is expected as of the beginning of a period. TRUE Level: Easy 57. The three main inputs to an MRP system are the bill of materials, the master schedule and the inventory records file. TRUE Level: Medium Multiple Choice Questions 58. A BOM file is sometimes called which of the following? A. Product structure tree B. Stocking plan C. Inventory usage record D. Production parts plan E. Time bucket schedule Level: Easy 59. Which of the following industry types will not benefit greatly from the application of MRP? A. Fabricate-to-order B. Assemble-to-stock C. Assemble-to-order D. Manufacture-to-order E. None of the above Level: Medium 18-12 Chapter 18 - Material Requirements Planning 60. Which of the following industry types have high expected benefits from the application of MRP? A. Fabricate-to-stock B. Fabricate-to-order C. Assemble-to-stock D. Continuous process E. Service and repair parts Level: Medium 61. Which of the following industry types have high expected benefits from the application of MRP? A. Fabricate-to-order B. Hospitals C. Assemble-to-order D. Aircraft manufacturers E. Oil refineries Level: Medium 62. A product structure tree can do which of the following? A. Help to compute component usage B. Reduce product scrap C. Reduce labor overtime D. Reduce regular time labor E. Locate raw material supplies Level: Easy 18-13 Chapter 18 - Material Requirements Planning 63. To ensure good master scheduling, the master scheduler should do which of the following? A. Continually rework the aggregate plan B. Be involved with customer order promising C. Be invisible to management D. Cover-up all problems E. Focus on getting out product before it is needed Level: Easy 64. Which of the following is a time fence operating mode? A. Frozen B. Moderately soft C. Inflexible D. Delayed E. Quality control hold Level: Easy 65. Which of the following is an input to the master production schedule (MPS)? A. Inventory records file B. The aggregate plan C. The bill of materials D. The exception report E. Planned order schedules Level: Medium 66. Which of the following is one of the main purposes of a MRP system? A. Educate personnel in basic work rules B. To determine time schedules for material procurement C. Stimulate the work force D. Decrease labor requirements E. Increase inventory accuracy Level: Easy 18-14 Chapter 18 - Material Requirements Planning 67. One of the main purposes of a MRP system is which of the following? A. Track inventory Levels B. Create productive capacity C. Decrease layers of management D. Develop schedules for when each component should be produced E. Upgrade manufacturing's professionalism Level: Easy 68. Which of the following is most closely related to the reason a firm might implement MRP? A. So they can order the right parts B. So they can order parts sufficient for immediate use C. So they can insure that parts to arrive prior to when they are needed D. To assure appropriate quality Levels E. To keep process costs between the LCL and the UCL Level: Easy 69. MRP systems seek to achieve which of the following? A. Minimize lot sizes B. Determine the number of dependent demand items needed C. Give immediate capacity relief D. Provide a yardstick for future improvements E. Improve on JIT methods Level: Easy 18-15 Chapter 18 - Material Requirements Planning 70. Objectives inventory of management under an MRP system include which of the following? A. Improve customer service B. Reduce the cost of capital C. Calibrate operating efficiencies D. Minimize lot sizes E. Reduce inventory to zero Level: Easy 71. An improvement noted by many firms after implementation of MRP is which of the following? A. Increased prices B. Increased inventory C. Improved customer service D. Reduced raw materials cost E. Enhanced employee relations Level: Easy 72. An improvement noted by many firms after implementation of MRP is which of the following? A. Increased idle time B. Quicker setup times C. Inability to change the master schedule D. Reduced inventory E. Improved product design-for-manufacture Level: Easy 18-16 Chapter 18 - Material Requirements Planning 73. Which of the following is a capability of MRP systems that improves operations planning and control? A. MRP indicates when to de-expedite as well as expedite orders B. MRP systems consume many reams of paper thereby justifying quantity purchases C. Once entered; a production order can't be changed, enforcing discipline on sales D. MRP can anticipate returns of defective product E. MRP allows manufacturing to operate in a pure, isolated environment Level: Easy 74. Which of the following is a major reason that some MRP systems fail? A. Lack of top management understanding and commitment B. Failure to properly install the MRP software C. Using an underpowered computer D. Technical incompetence in manufacturing E. Vendors or customers using JIT systems Level: Easy 75. Which of the following is an input to the master production schedule? A. Prototype products from product development B. Aggregate component schedule C. Peg records D. Exception reports E. Forecasts of demand from random customers Level: Easy 76. Which of the following is an input to the master production schedule? A. Bill of materials (BOM) file B. Inventory records file C. Exception reports D. Planned-order schedules E. None of the above Level: Easy 18-17 Chapter 18 - Material Requirements Planning 77. Which of the following is an input file necessary to run an MRP system? A. Bill of materials (BOM) file B. Quality management report C. Exception reports D. Planned-order schedules E. Purchasing contracts Level: Easy 78. Which of the following is an input file necessary to run an MRP system? A. Exception report B. Computer-aided-design files C. Inventory records file D. Personnel files E. Time fence file Level: Easy 79. Which of the following is not a production activity report generated by MRP? A. Exception report B. Planning report C. Performance control report D. Planned-order schedules E. Bill of materials report Level: Easy 80. In an MRP program, the program accesses the status of any file in specific periods called which of the following? A. Cubed time units B. Time buckets C. BOM units D. Modular time units E. Time fences Level: Easy 18-18 Chapter 18 - Material Requirements Planning 81. Which of the following files allows us to retrace a material requirement upward in the product structure through each Level, identifying each parent item that created the demand? A. Planning bill of materials file B. Modular bill of materials file C. Super bill of materials file D. Exception report file E. Peg record file Level: Easy 82. We would expect to see which of the following in an MRP system's inventory transactions file? A. End items produced B. Late/early delivery records C. Scrap parts D. Labor efficiency E. Computer errors Level: Easy 83. In a typical inventory status record which of the following would you not expect to see? A. Scrap allowance B. Order quantity C. Gross requirements D. Planned-order releases E. Lost items Level: Medium 18-19 Chapter 18 - Material Requirements Planning 84. Which of the following is considered a primary report in an MRP system? A. Planning reports B. Performance reports C. Exception reports D. Planned order schedules E. Cycle counting reports Level: Easy 85. Which of the following is considered a secondary report in an MRP system? A. Planned order schedule B. Performance reports C. Inventory record D. Firm orders from known customers E. Engineering change reports Level: Easy 86. Which of the following is considered a primary report in an MRP system? A. Planned order schedule B. Peg report C. Planning report D. Inventory accuracy report E. Aggregate production plan report Level: Easy 87. Which of the following is the net requirement using an MRP program if the gross requirement is 1,250 and the inventory on hand is 50? A. 1,200 B. 1,300 C. 1,150 D. 2,450 E. None of the above Level: Easy 18-20 Chapter 18 - Material Requirements Planning 88. Which of the following is the net requirement using an MRP program if the gross requirement is 1,000 and the inventory on hand is 500? A. 1,000 B. 950 C. 500 D. 400 E. 350 Level: Easy 89. Which of the following is the planned-order release using an MRP program if the gross requirement is 5,000 and the inventory on hand is 1,200? A. 5,000 B. 4,500 C. 3,800 D. 1,200 E. None of the above Level: Easy 90. Which of the following is the planned-order release using an MRP program if the gross requirement is 670 and the inventory on hand is 600? A. 670 B. 600 C. 530 D. 70 E. None of the above Level: Easy 18-21 Chapter 18 - Material Requirements Planning 91. Which of the following can be used for lot sizing in an MRP system? A. Low-Level coding B. Time buckets C. Least unit cost D. Inventory record files E. Peg reports Level: Easy 92. Which of the following is not a lot sizing technique used in MRP systems? A. Lot-for-lot (L4L) B. Economic order quantity (EOQ) C. Least total cost (LTC) D. Least unit cost (LUC) E. Two-bin system (TBS) Level: Easy 93. Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following? A. A consistent lag of supply behind demand B. Minimized carrying costs C. Minimized set-up costs D. A just in time management philosophy E. Minimized quality problems Level: Easy 18-22 Chapter 18 - Material Requirements Planning 94. If annual demand is 6,125 units, annual holding cost is $5 per unit and setup cost per order is $50, which of the following is the EOQ lot size? A. 350 B. 247 C. 230 D. 185 E. 78 Level: Medium 95. If annual demand is 12,000 units, annual holding cost is $15 per unit and setup cost per order is $25, which of the following is the EOQ lot size? A. 2,000 B. 1,200 C. 1,000 D. 300 E. 200 Level: Medium 96. Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal? A. Economic Order Quantity B. Lot for lot C. Least total cost D. Least unit cost E. ABC analysis Level: Easy 18-23 Chapter 18 - Material Requirements Planning 97. Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot size in which these are most nearly equal? A. Kanban B. Two-bin system C. MRP II D. Least unit cost E. Least total cost Level: Easy 98. Which of the following is a dynamic lot-sizing technique that adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost? A. Economic order quantity B. Lot-for-lot C. Least total cost D. Least unit cost E. Inventory averaging Level: Easy Short Answer Questions 99. What is the name for demand caused by the demand for a higher Level item? Dependent demand Level: Easy 18-24 Chapter 18 - Material Requirements Planning 100. What is the name for a bill of materials that includes items with fractional options? Super bill of materials Level: Easy 18-25 Chapter 18 - Material Requirements Planning 101. In MRP, how is demand information for a Level 0 (zero) item derived? Falserom the master production schedule Level: Medium 102. What is the main difference between MRP and closed loop MRP? Closed loop MRP has information feedback from its module output. Level: Medium 103. What is the name given to the manufacturing software that combines MRP and JIT logic? Falselow manufacturing Level: Easy 104. What does it mean when a super bill of materials specifies half of a component part in an assembly? It means that 50% of the units assembled will include that component and 50% will not. Level: Medium 18-26 Chapter 18 - Material Requirements Planning 105. What is the planned-order release using an MRP program if the gross requirement is 1,600 and the inventory on hand is 600? 1,000 Level: Easy 18-27 Chapter 18 - Material Requirements Planning 106. If annual demand is 1,000 units, annual holding cost is $0.50 per unit and the cost per order is $10, what is the EOQ? 200 Level: Medium 107. What are the three main inputs to an MRP program? Bill of materials Master schedule Inventory records file Level: Medium 108. Demand in for an item located in Level 3 of a product structure tree depends on demand for an item in the next higher Level. What is that Level called? Level 2 Level: Medium 18-28 Chapter 18 - Material Requirements Planning Essay Questions 109. Discuss the importance of inventory record accuracy to an MRP system? A satisfactory Answer to this question will require the student to extrapolate from Chapter 17, page 570-571 into the MRP context. The discussion in Chapter 18 essentially assumes perfection in inventory and bill of material records. However, the discussion in Chapter 17 indicates that perfect agreement between the computer files and actual storeroom content may be less common than hoped. Inaccurate inventory records may cause, for example, orders of excess inventory or for assembly to be scheduled even though there is an inadequate supply of components to support that assembly. Either occurrence can cause significant waste of resources, time and money. No MRP system can deliver positive results when the basic input data is faulty. A good way to summarize this is the old adage "garbage-in, garbage-out". Level: Medium 110. How does flow manufacturing differ from using MRP alone? This question is addressed on page 606-607 and especially in the diagram marked as Exhibit 18.18. Using MRP alone, manufacturing is driven by the master production schedule and controlled at every step by the requirements planning modules of the MRP software. In a flow manufacturing system, considered a hybrid between MRP and JIT, manufacturing is still driven by a master production schedule (as in MRP) but thereafter control of the MRP modules is turned over to the demand pull from preceding manufacturing stages. Level: Medium 18-29 Chapter 18 - Material Requirements Planning 111. Explain why "freezing the master schedule" is not the same as reducing the Level of service to customers. Freezing the master schedule is discussed in the text on pages 591-592 under the heading "Time Fences". This question is difficult because freezing the master schedule involves removing the flexibility to change which products are being manufactured which reduces the customer's ability to change their order which certainly does appear to be a reduction in customer service. The fact of the matter is that time fences most often merely reflect facts of life. Once specific parts are dedicated to an end item and other parts are not ordered or built, change within certain time frames becomes at least impractical and at most impossible. Freezing the master schedule recognizes and avoids the additional costs incurred by last minute master schedule changes. It is a method which imposes some order onto the manufacturing system and which, by insulating manufacturing from last minute changes, avoids the chaotic shop floor where every order is overdue and much of the activity is expediting. Freezing the master schedule, therefore, results in a more effective manufacturing process and will result in a higher Level of service (and probably lowered costs) to the customer overall. Level: Hard 18-30

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1Chapter 22 Audit of the Capital Acquisition and Repayment Cycle Review Questions 22-1 Four examples of interest bearing liability accounts commonly found on balance sheets are: 1. 2. 3. 4. Notes payable Contracts payable Mortgages payable Bonds payable
Binghamton - ACCT - 460
Chapter 23 Audit of Cash BalancesReview Questions23-1 The appropriate tests for the ending balance in the cash accounts depend heavily on the initial assessment of control risk, tests of controls, and substantive tests of transactions for cash receipts.
Binghamton - ACCT - 460
Chapter 24 Completing the AuditReview Questions There are four presentation and disclosure-related audit objectives:24-1PRESENTATION AND DISCLOSURE-RELATED AUDIT OBJECTIVES Occurrence and rights and obligations Completeness Accuracy and valuation Class
Binghamton - ACCT - 460
1Chapter25Other Assurance Services and Nonassurance ServicesReview Questions25-1 Levels of assurance represent the degree of certainty the practitioner has attained, and wishes to convey, that the conclusions stated in his or her report are correct. A
Binghamton - ACCT - 460
1Chapter26Internal and Governmental Financial Auditing and Operational AuditingReview Questions26-1 Internal auditors who perform financial auditing are responsible for evaluating whether their company's internal controls are designed and operating ef
Binghamton - ACCT - 460
Chapter 21 Audit of the Inventory and Warehousing CycleReview Questions21-1 Inventory is often the most difficult and time consuming part of many audit engagements because: 1. 2. 3. 4. 5. Inventory is generally a major item on the balance sheet and ofte
Binghamton - ACCT - 460
1Chapter 20 Audit of the Payroll and Personnel CycleReview Questions20-1 General ledger accounts that are likely to be affected by the payroll and personnel cycle in most audits include the following: Cash Inventory Construction in progress Wages payabl
Binghamton - ACCT - 460
Chapter 19 Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected AccountsReview Questions19-1 Because the source of the debits in the asset account is the acquisitions journal (or similar record), the current period acquisi
Binghamton - ACCT - 460
1Chapter 17 Audit Sampling for Tests of Details of BalancesReview Questions17-1 The most important difference between (a) tests of controls and substantive tests of transactions and (b) tests of details of balances is in what the auditor wants to measur
Binghamton - ACCT - 460
1Chapter 16 Completing the Tests in the Sales and Collection Cycle: Accounts ReceivableReview Questions16-1 Tests of details of balances are designed to determine the reasonableness of the balances in sales, accounts receivable, and other account balanc
Binghamton - ACCT - 460
1Chapter 15 Audit Sampling for Tests of Controls and Substantive Tests of TransactionsReview Questions15-1 A representative sample is one in which the characteristics of interest for the sample are approximately the same as for the population (that is,
Binghamton - ACCT - 460
1Chapter 13 Overall Audit Plan and Audit ProgramReview Questions13-1 The five types of tests auditors use to determine whether financial statements are fairly stated include the following: Risk assessment procedures Tests of controls Substantive tests
Binghamton - ACCT - 460
1Chapter 12 The Impact of Information Technology on the Audit ProcessReview Questions12-1 The proper installation of IT can lead to internal control enhancements by replacing manually-performed controls with computer-performed controls. ITbased accounti
Binghamton - ACCT - 460
1Chapter 11 Fraud AuditingReview Questions11-1 Fraudulent financial reporting is an intentional misstatement or omission of amounts or disclosures with the intent to deceive users. Two examples of fraudulent financial reporting are accelerating the timi
Binghamton - ACCT - 460
Chapter 8 Audit Planning and Analytical ProceduresReview Questions8-1 There are three primary benefits from planning audits: it helps the auditor obtain sufficient appropriate evidence for the circumstances, helps keep audit costs reasonable, and helps
Binghamton - ACCT - 460
1Chapter 7 Audit EvidenceReview Questions7-1 In both a legal case and in an audit of financial statements, evidence is used by an unbiased person to draw conclusions. In addition, the consequences of an incorrect decision in both situations can be equal
Binghamton - ACCT - 460
1Chapter 6 Audit Responsibilities and ObjectivesReview Questions6-1 The objective of the audit of financial statements by the independent auditor is the expression of an opinion on the fairness with which the financial statements present financial posit
University of Phoenix - BUS - 210
Running head: DEVELOPING GOOD BUSINESS SENSEDeveloping Good Business SenseJulie M RabidaBUS/210May 26, 2011Colette Franklin1DEVELOPING GOOD BUSINESS SENSE2Developing Good Business SenseDeveloping a good business sense does not take a rocket scie
University of Phoenix - ACC - 423
P22-31.2.Retained earningsSales Commissions PayableSales Commissions Expense2,5001,500Cost of goods sold (6,700+21,000)Retained EarningsInventory27,70021,0006,7002006Beginning inventoryEnding inventory3.4,000-16,000-16,000Over/Underst
Strayer - BUS - 600
The cultural setting in BMW Corporation is one of the key to their success. One of themain elements of cultural setting in BMW is the high communication level between allthe associates within the corporation. Breaking communication barrier between assoc
University of Phoenix - IT - 205
Axia College MaterialAppendix DPsychotherapy MatrixDirections: Review Module 36 of Psychology and Your Life. Select three approaches to summarize. Include examples of the types of psychologicaldisorders appropriate for each therapy.PSY/201Summary o
University of Phoenix - IT - 205
CERTIFICATEOFORIGINALITYIcertifythattheattachedpaperismyoriginalwork.Iamfamiliarwithandacknowledgemyresponsibilities,whicharepartoftheUniversityofPhoenixStudentCodeofAcademicIntegrity.Iaffirmthatanysectionofthepaperwhichhasbeensubmittedpreviouslyisattr
University of Phoenix - IT - 205
Oftentimes, Arabs and Muslims are being misconceived as being the samepeople when in truth this is not the case at all. Muslims are individuals that embrace thereligion of Islam, which makes them part of a religious sect (Julita, para.2). Whereasthe Ar
University of Phoenix - IT - 205
1) What was the result of your IAT, and do you feel that the test produced valid results in your case?2) In your opinion, is it difficult to accurately measure prejudice? Why or why not?3) Describe other measurements sociologists use to calculate prejud
University of Phoenix - IT - 205
Checkpoint: Information System Business Problem DimensionsIT/205June 11, 2010What are the three dimensions to business problems? Provide examples of each.The three dimensions to business problems are organization, people, and technology. Organization
University of Phoenix - IT - 205
Axia College MaterialAppendix CLeaders and Legislation of the Civil Rights and Black PowerMovementsIdentify leaders of the Civil Rights and Black Power movements and their contributions to theirrespective causes. How did these social pioneers forge t
University of Phoenix - IT - 205
The way people nowadays refer to race as the color of ones complexion but that means racecategorizes people within the world to a certain creed or descent so to believe that the term race is tosimply put as a word to place people amongst those like them