A clerk embezzles customer payments on account and covers up the theft by making an adjustment to the accounts receivable ledger. Describe a specific internal control procedure that would prevent this fraud
segregation of duties; do not let one person have custody of payments and the ability to make adjustments to the records; all adjustments to accounts receivable records must be authorized
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Which of the following best describes business globalization?
A) Businesses whose suppliers are located overseas B) Businesses selling their products worldwide C) Businesses moving manufacturing overseas D) All of the above.
Verbally labeling the initial reaction of something negative (e.g., I am angry) and then relabeling it to be less intense (e.g., I am annoyed) is called ______.
A. affect relabeling B. emotional dissonance C. positive affect D. affect spin
In a normal cost system, factory overhead is applied to Work in Process using a predetermined overhead rate
Indicate whether the statement is true or false
Lamar owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis, and has just finished adjusting his marketing mix based on the STP results. His next strategic marketing decision will most likely involve determining
A. when to shift from a customer excellence to an operational excellence strategy. B. how Disney World crowds will impact his business. C. which employees to promote or fire. D. what new government regulations might create opportunities or threats. E. how to allocate resources among his four stores.