Which of the following is true of internal control?
A) A company's outside auditor is responsible for the company's internal control system.
B) One of the major purposes of internal control is to ensure that the assets are safeguarded.
C) Internal control procedures tend to diminish the importance of operational efficiency.
D) Internal controls are only necessary for public companies.
B
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Using senior executives to develop a forecast is referred to as?
a. Consumer surveys b. Delphi method c. Jury of executive opinion d. Sale force estimates
A website designed around a community of members who self-identify with a demographic or geographic category is classified as a(n):
A. interest-based social network. B. affinity community. C. practice network. D. sponsored community.
At which stage of the organizational buying decision process would purchasing and engineering personnel visit potential suppliers to assess their quality control?
A. problem recognition B. purchase decision C. postpurchase behavior D. alternative evaluation E. information search
The City of Scottsdale has adopted a zoning ordinance that requires all businesses to have a Western front or architectural style to their buildings. Most businesses already had the appearance. Scottsdale is a resort town, drawing its income primarily from tourist trade. One merchant has brought suit challenging the validity of the ordinance. What result?