You Come Up with a Cost-Cutting Measure for Your Department

question 28

Multiple Choice

You come up with a cost-cutting measure for your department, and email the idea to your supervisor. He is so impressed by it that he forwards your message to the other members of your department, as well as the heads of operations and IT. The secondary audience of your message is ________.

• A) your supervisor
• B) your supervisor and the heads of operations and IT
• C) the members of your department and the heads of operations and IT
• D) your supervisor and the members of your department
• E) your supervisor, the members of your department, and the heads of operations and IT

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Definitions:

Merchandise Purchases

Transactions involving the buying of goods intended for sale, usually in a retail or wholesale context.

Ending Merchandise Inventory

The value of goods available for sale at the end of an accounting period, before any year-end adjustments.

Accrued Salaries Expense

Refers to the salaries that have been incurred by the business but have not yet been paid or recorded in the financial statements.

Completed-Contract Method

An accounting method used where revenue and profit are deferred until a contract is completed, particularly useful in long-term projects.