Which of the following statements is false?
A. Management identifies controls that are in place to address the financial reporting risks.
B. All controls relevant to financial reporting are accounting controls.
C. Management is required to base internal controls on a recognized control framework.
D. Nearly all reporting companies use the internal control framework developed by COSO.
Answer: B
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A computer manufacturer runs training programs for its cooperating retailers' salespeople, as well as providing newspaper advertising layouts, point-of-purchase materials, and sales manuals. This is an example of a(n)
A. vertically integrated corporate channel system. B. contractual channel system. C. administered channel system. D. traditional channel system. E. franchising system.
Series I bonds grow at a composite rate that includes a fixed rate and the inflation rate
Indicate whether the statement is true or false
Which of the following is NOT an ADVANTAGE of a partnership?
A) A potential increase in available capital over a sole proprietorship B) The commingling with the general partner's personal assets C) The potential for more talent and skills in the business D) All are advantages of a partnership.
In the selection of a country market focus various countries may be grouped according to segmentation criteria such as income, population size and language. While useful this approach may lead to greater risk for the firm. To address this problem some firms opt to use a deliberate strategy of ________________.
(a) Country diversification (b) SBU consolidation (c) Secondary screening (d) Fine grained screening (e) Cross subsidization