Which of the following most likely would not be considered as an inherent limitation of the effectiveness of a firm's internal control?
A. Management override.
B. Collusion among employees.
C. Mistakes in judgment.
D. Incompatible duties.
Answer: D
You might also like to view...
The best choice for showing changes in a company's monthly sales during a fiscal year is a(n) ________
A) pie chart B) line chart C) flow chart D) organization chart
The following balance sheet information is provided for Greene Company for Year 2: Assets Cash$6000? Accounts receivable 12,150? Inventory 15,000? Prepaid expenses 1800? Plant and equipment, net of depreciation 19,700? Land 13,600? Total assets$68,250? Liabilities and stockholders' Equity Accounts payable$2910? Salaries payable 8030? Bonds payable (due in ten years) 13,000? Common stock, no par 15,500? Retained earnings 28,810? Total liabilities and stockholders' equity$68,250? What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
A. 1.38 B. 3.19 C. 0.76 D. 1.66
Sales that contain provisions of services and goods in the same transaction are not covered by Article 2 of the UCC.
Answer the following statement true (T) or false (F)
The complexity of today's business environment creates many new challenges for organizations, such as global competition, but creates few new opportunities in return
Indicate whether the statement is true or false