Which of the following is true for accounting anomalies?
a. They are primarily caused by lack of training.
b. They represent intentional sabotage of controls.
c. They are problems caused by failures in systems, procedures, and policies.
d. They represent fraud.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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A company would like to study the impact of advertising expenditure on sales and sales revenue. This is an example of ________ research
A) prescriptive B) causal C) secondary D) exploratory E) qualitative
Which of the following activities is not a component of the operating cycle?
a. Payment of employees' wages b. Sale of merchandise c. Purchase of merchandise d. Collection of cash from merchandise sales
A discount that buyers take for early payment of merchandise is called a
a. customer discount. b. purchases discount. c. sales discount. d. trade discount.
Which sentence is correctly punctuated?
A) Companies want employees who are organized team oriented and self-motivated. B) Companies want employees who are organized, team oriented and self-motivated. C) Companies want employees who are organized, team oriented, and self-motivated.