All of the following statements are true about the integrated test facility (ITF) except
a. production reports are affected by ITF transactions
b. ITF databases contain "dummy" records integrated with legitimate records
c. ITF permits ongoing application auditing
d. ITF does not disrupt operations or require the intervention of computer services personnel
C
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Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to net income under the indirect approach because
A) the amount of cost of goods sold is equal to the amount of cash paid for purchases. B) consumed inventory is an expense but not a use of funds. C) the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. D) the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.
All of the following are ways through which affirmative action can arise at the workplace except:
A. judicial affirmative action. B. voluntary affirmative action plans. C. legal requirements. D. consultant based affirmative action.
Which of the following is NOT one of the four principles of positioning according to Jack Trout?
a. A company must maintain a strong labor base. b. A company must establish a position in the minds of its targeted customers. c. The position should be singular, providing one simple and consistent message. d. The position must set a company apart from its competitors. e. A company cannot be all things to all people—it must focus its efforts.
What is the difference between exclusive distribution and selective distribution?
What will be an ideal response?