Which of the following means expressing someone else's exact words?
A) direct quotation
B) paraphrasing
C) plagiarizing
D) indirect quotation
Answer: A
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A budget that allocates resources on the basis of a single estimate of costs is called a(n) ______ budget.
A. unitary B. zero-based C. cash D. fixed E. incremental
What type of risk is intentional failure by management to accurately disclose violations of debt covenants?
a. Inherent risk b. Fraud risk c. Control risk d. Detection risk.
Answer the following statements true (T) or false (F)
1. If a contingency is remote, the company does not need to record a liability and does not need to disclose it in the notes to the financial statements. 2. A contingency was evaluated at year-end and considered to have a remote possibility of becoming an actual liability. If this is not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles. 3. A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles. 4. Contingencies that are reasonably possible have a greater chance of occurring but are not likely. 5. Contingencies that are reasonably possible are not described in the notes to the financial statements.
At one time, if an organization wanted to automate using a computer system, they had to develop the program on their own
Today, there is software available to perform virtually every business function although most of them will not conform exactly to what a company needs. Describe two software tools that can be used for business process analysis and design. What will be an ideal response?