Generally accepted accounting principles are:
A) Accounting standards enforced by the Internal Revenue Service
B) Guides to action that apply primarily to the process of financial accounting
C) Guides to action that apply primarily to the process of managerial accounting
D) Accounting standards that never change
E) None of the above
Ans: B) Guides to action that apply primarily to the process of financial accounting
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Which of the following sections of the statement of cash flows includes the issuance of stock and the payment of cash dividends?
A) the investing activities section B) the financing activities section C) the operating activities section D) the non-cash investing and financing section
The most important operational decision related to transportation in a supply chain is
A) minimizing cost of transportation. B) maximizing profitability of the supply chain. C) reducing the level of cycle inventory. D) the routing and scheduling of deliveries.