All of the following are aspects of creating a vulnerability audit EXCEPT ________
A) assessing the potential impact of a specific crisis
B) rating the likelihood of a specific crisis occurring
C) considering likely and worst-case scenarios
D) developing a script to recite during a crisis
E) asking questions to employees at every level
D
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Which of the following is true regarding business transactions?
a. Business transactions are not recorded in the books of an organization. b. Business transactions are recorded in the books of an organization only when the transaction is over $1,000. c. Business transactions do not have to be recorded in the books of the organization. d. All business transactions can be stated in terms of changes in the elements of the accounting equation.
On December 31, 2012, Bosco Corporation signed a one-year contract to provide services to Cosco Company for $120,000. Cosco will pay for the services on January 1, 2013. Using the accrual basis of accounting, when should Bosco Corporation recognize revenue?
A) On January 1, 2013, when the cash is received from Cosco. B) On December 31, 2013 (the end of the next year), when all services have been provided. C) Equally throughout the year 2013, as the revenue is earned. D) On December 31, 2012, when the contract is signed.
With anonymous job satisfaction surveys, employees are more likely to:
A. exaggerate B. tell the truth C. include graphic details D. omit critical details E. refuse to take the survey
Which of the following is true regarding the correct price of the forward contract?
A) If the quote is greater than the computed price, the forward contract is overvalued. B) If the quote is less than the computed price, the forward contract is undervalued. C) Both A and B D) Neither A nor B