Money-market mutual funds (MMMFs) provide an alternative to traditional liquid investments offered by financial institutions. What are/is the advantage(s) of an MMMF?
A) High interest rates
B) Check-writing privileges
C) Minimal risk
D) Convenience—deposits made through payroll deductions
E) All of the above are correct.
Answer: E
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Which of the following is important regarding invigilation?
a. Invigilation should include all areas of the business. b. The time period for the invigilation should be at least one month. c. Past records should be analyzed in order to establish an operating profile for the invigilation. d. The investigator should make the decision regarding the temporary controls to be put in place for the invigilation.
One benefit of strategic planning is it helps to build common understanding about the organizational mission. This benefit is sacrificed if ______.
A. it is poorly written B. only one person writes the actual document C. too many stakeholders have access to the document D. it remains a document available only to a select few in management
In a job-order costing system, the dollar amount of the entry that debits Finished Goods Inventory and credits Work in Process Inventory is the sum of the costs charged to all jobs
a. started in process during the period. b. in process during the period. c. completed and sold during the period. d. completed during the period.
A project is a temporary undertaking designed to achieve a particular organizational goal
Indicate whether the statement is true or false.