The board of directors consists entirely of personal friends of the chief executive officer. This indicates a weakness in
a. the accounting system
b. the control environment
c. control procedures
d. this is not a weakness
B
You might also like to view...
Consideration is ________ given in exchange for a promise
Fill in the blanks with correct word
Claim messages should appeal to the receiver's sense of responsibility and pride in the company's good name
Indicate whether the statement is true or false
The present value of a $1 annuity payable over 25 years at a net discount rate of 3% is $17.41. Consequently, the value of a $1 annuity due payable over 26 years is
A) $18.41. B) $17.41. C) $16.41. D) -$17.41.
________ refer(s) to reductions in the average cost of a unit of production as the total volume produced increases.
A. Smoothing B. Buffering C. Quantitative management D. Economies of scale E. Systematic management