One of the reasons for the use of global teams is the desire to develop goods and services in a variety of countries with a minimum level of customization.

Costs that can be significantly influenced by a particular manager are:

A) product costs.
B) period costs.
C) controllable costs.
D) administrative costs.

In the business setting, organizational culture is called societal culture.

Which step of the DATA process involves collecting and organizing the data used to determine results?

A) Define.
B) Assess.
C) Track.
D) Adjust.
E) None of these.

Which of the following is a false statement regarding the parol evidence rule?

A) It is not limited to spoken words.
B) It is a rule of evidence.
C) It relates to substantive legal issues.
D) It is an amalgamation of different rules and conditions.
E) It applies to writings created at the same time as the written agreement.

Sherman Company uses an accelerated depreciation method for income tax purposes and the straight-line depreciation method for financial reporting purposes.As of December 31, 2010, Sherman has a deferred tax liability balance related to depreciation temporary differences of $80, 000.In 2011, depreciation for income tax purposes was $260, 000, while depreciation for financial reporting purposes was $200, 000.If the income tax rate is 30%, no other temporary or permanent differences exist, and taxable income is $300, 000, the entry to record income tax expense on December 31, 2011, would include a

A) debit to Income Tax Expense for $108, 000
B) credit to Income Taxes Payable for $108, 000
C) debit to Deferred Tax Asset for $24, 000
D) credit to Deferred Tax Liability for $24, 000