The trial balance verifies the equality of debits and credits on a specific date.
a. true
b. false
Answer: a. true
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Risk that can be eliminated by diversification is
A. unsystematic risk. B. systematic risk. C. default risk. D. interest-rate risk.
Employees should share their organization's internal problems with the customers.
Answer the following statement true (T) or false (F)
Overcoming resistance to change can be helped by ______.
A. transferring employees to new jobs B. increasing employee pay C. increasing education and communication about the change D. implementing changes fairly
Which of the following is not discussed in the text as one of the ways to actively search for "accounting and documentary" symptoms of under-reporting of liabilities fraud?
a. More inventory counted than identified through purchasing and inventory records. b. Discrepancies in cut-off tests. c. Amounts listed on vendor statements not recorded as purchases. d. All of the choices are discussed.