_____ help to find the populations and regions that are most likely to purchase a new product or service.
A. Geographic information systems
B. Market research systems
C. Database management systems
D. Expert systems
Answer: B
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Substantive procedures to examine the cutoff assertion for accounts payable include:
A. selecting a sample of vouchers and agreeing them to authorized purchase orders. B. selecting a sample of receiving reports around year-end and comparing dates on related vouchers to dates in the purchases journal. C. selecting a sample of vouchers and agreeing them to the purchases journal. D. recomputing the mathematical accuracy of a sample of vendor invoices.
Answer the following statement(s) true (T) or false (F)
1. A call stock option allows the investor to purchase the stock and sell it on the open market if the stock reaches a certain predetermined price. 2. Stock market quotations in the Wall Street Journal simply identify the current market price for different stocks. 3. Unlike stocks, bonds cannot be sold to other investors, and must be kept to the date of maturity. 4. Bonds can be sold to other investors, and can be sold before the date of maturity. 5. Bonds are rated on the likelihood that the corporation will be able to pay the interest and the principle as indicated.
Sean works for a defense contractor. This contractor has a contract to sell 2 million pocket
flashlights per year to the military at a price of "one dollar more than the cost to produce". The contractor has elaborate and detailed reports on the cost of making these flashlights. Copies of these reports are submitted to the government. Sean knows that some of the information in these reports calculating a cost per flashlight of $243.00 is false. Which of the following is true? A) Sean can report this information to the government, but Sean cannot gain financially by doing so. B) Because of Sean's knowledge, he is equally guilty as the corporation of committing fraud. C) Sean could possibly receive a portion of the recovery, but only if the government chooses to not intervene in the suit. D) Sean could file a suit against the contractor under the Civil False Claims Act, and if the case is successful, receive a portion of the recovery.
The aggressive funding strategy is a strategy by which a firm finances all projected funds requirements with long-term funds and uses short-term financing only for emergencies or unexpected outflows
Indicate whether the statement is true or false