Which of the following sources of financing is considered spontaneous because it fluctuates naturally with changes in ordinary business operations/transactions without management making formal decisions?
A. Commercial paper
B. Long-term bond
C. Notes payable
D. Trade credit
E. Equity
Answer: D
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Frauds in the cash disbursement function:
a. are less direct and more subtle than purchasing and accounts payable frauds b. have decreased significantly due to a decrease in the number of checks being written c. can be decreased or prevented by using digitally signed electronic payments d. all of the above
Audit trails in computerized systems are comprised of two types of audit logs: detailed logs of individual keystrokes and event-oriented logs
Indicate whether the statement is true or false
Which of the following statements is TRUE about government purchases?
A. The U.S. government is the single largest buyer of goods and services in the world. B. The purchase process is very simple and less time-consuming. C. These purchases often include an emotional component. D. Profitability is the fundamental driver in making these purchases. E. They require minimal information regarding product specifications.
Dairy Day, an ice -cream maker, launches an ad campaign that shows that its products have
lower fat content than the frozen dessert products promoted by Dreamland, its main competitor. This is best described as an attempt at ________. A) negating the threat of new entrants B) counteracting increased bargaining power of suppliers C) neutralizing increased bargaining power of buyers D) reducing pressure from substitute products