ACCT 2362 Exam 1 Hampshire TXST with correct answers 2024

Which of the following corporate positions is responsible for general financial accounting, managerial accounting, and tax reporting? correct answers controller Whom do the stockholders elect to oversee the corporation? correct answers board of directors Which of the following types of companies would have work in process inventory? A. Service B. Merchandising C. Manufacturing D. All of the above correct answers C manufacturing what are a managers 3 main responsibilities? correct answers planning, directing, and controlling Three Pillars of Sustainability? correct answers social, environmental, economic Four standards of the IMA? correct answers professional competence, confidentiality, integrity, and credibility Service organization? whats it do? correct answers Sell intangible services i.e. airlines, uber manufacturing organization? whats it do correct answers converts raw material into finished products using labor, plan, and equipment. i.e. apple merchandising organization? whats it do correct answers resell tangible products bought from suppliers. i.e. target three inventory accounts held by the manufacturer? correct answers raw materials, work in progress, finished goods