Requiring a manager to sign off on purchases of $100 or more is an example of:
A) restricted access.
B) proper authorization.
C) an audit trail.
D) internal control limitations.
B) proper authorization.
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Simple interest on a loan can be calculated by multiplying the principal by the annual interest rate expressed as a percentage of the time in years or a fraction of the time in years
a. True b. False Indicate whether the statement is true or false
Which of the following statements regarding ways to improve cash flow is false?
a. Offer your customers discounts if they pay early. b. Even if you are not offered a discount for early payment, pay bills early as it will improve your credit rating. c. Keep inventory as small as possible. d. Use a lock box for cash receipts.
To develop and sustain an advantage in an increasingly competitive, globalized world, managers must harness the powers of information technology and ________ to be successful.
A. decisiveness B. language fluency C. human capital D. democracy
The United States Constitution divides governmental power to prevent:
a. extreme gaps in income b. states from becoming too powerful c. the tyranny the founders experienced under King George III d. excessive taxation e. none of the other choices