Which of the following are entity-wide components of internal control that can mitigate the risk material misstatement related to debt obligations?
a. Risk assessment.
b. Information and communication.
c. Monitoring controls.
d. All of these are entity-wide components of internal control.
d
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Groupthink refers to the tendency of members in highly cohesive groups to lose their critical evaluative capabilities resulting in quick decision making with little consideration of alternatives.
Answer the following statement true (T) or false (F)
Return on investment (ROI) is calculated as follows:
A) operating income/average operating assets B) average operating assets/operating income C) (beginning operating assets + ending operating assets)/2 D) sales/average operating assets E) operating income/sales
Governments and companies can avoid their own country's laws by processing data within the boundaries of other countries, sometimes called data havens, that have few restrictions on telecommunications or databases.
Answer the following statement true (T) or false (F)
The cash flow statement shows amounts that the company has earned but for which it has not yet received cash
Indicate whether this statement is true or false.