At Radiant Company, the sales department is also responsible for recording cash transactions as it does not have a separate accounting department. Which internal control procedure needs strengthening?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
C) separation of duties
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The key difference between the binomial and hypergeometric distribution is that, with the hypergeometric distribution the
A. probability of success must be less than 0.5. B. probability of success changes from trial to trial. C. trials are independent of each other. D. random variable is continuous.
All retail activities are store-based
Indicate whether the statement is true or false
Which of the following is NOT a central concept in Scientific Management?
a. A ‘one best way’ of organizing b. Routinization and standardization c. Specialization d. Teamwork
Much less common in international legislation is protection based on __________.
a. Sexual orientation b. Age discrimination c. Race discrimination d. Religious affiliation