The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to detect this error is
a. a batch total of sales invoices to be prepared compared to the actual number of sales invoices prepared
b. sequentially numbered sales invoices
c. visual verification that all sales invoices were prepared
d. none of the above will detect this error
A
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Which of the following is least useful in evaluating a company's financial statements?
a. Comparison with government economic data for the economy as a whole b. Comparison with other companies in the same industry c. Comparison of the company's current period data with accounting data from 5 years ago d. Comparison of the company's current period data with that of the last year
The assignment of a symbol to represent a specific response to a specific question, along with the data record and column position that symbol will occupy, is called ________
A) editing B) coding C) sampling D) pretesting E) selecting
Activity-based budgeting classifies costs as variable or fixed with respect to the activity output measure
Indicate whether the statement is true or false
Select the true statement regarding development projects.
A. They feature a cross-functional team that works together on an overall concept. B. They work against the philosophy of continuous improvement. C. The teams involved in development projects are isolated from suppliers and customers. D. They are given a lot of time and other resources to develop a product. E. The members of a development project pursue different and conflicting goals.