Answer the following statements true (T) or false (F)
Accountability refers to the responsibility of management to report on achieving goals for the effective and efficient utilization of enterprise resources.
ANSWER: T
You might also like to view...
An auditor is least likely to test the internal controls that provide for:
A. vouching a sample of sales transactions to make sure each one has an accompanying shipping document. B. comparison of receiving reports and vendors' invoices with purchase orders. C. approval of the purchase and sale of marketable securities. D. segregation of the functions of recording disbursements and reconciling the bank account.
Profit margin can also be called return on sales.
Answer the following statement true (T) or false (F)
An unsecured bond is the same as a
A) debenture bond. B) zero coupon bond. C) term bond. D) bond indenture.
To create a win-win negotiation, the two parties must
A) guarantee each other an agreed upon level of business. B) identify more than one issue to negotiate. C) identify an impartial mediator to oversee the negotiations. D) possess an equivalent level of power.