A member of a manager-managed LLC who is not a manager owes no fiduciary duty of loyalty or care to the LLC or its other members.
Answer the following statement true (T) or false (F)
True
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PRIZM is a company that specializes in which type of segmentation?
A) product differentiation B) geodemographic C) geographic D) psychographic
Which of the following activities most likely would detect whether payroll data are accurately processed?
A. Monitor authorized distribution of data control sheets. B. Use computer-assisted audit techniques and test data to verify the accurate performance of payroll processing. C. Segregate duties between approval of hardware and software specifications. D. Examine source documents for approval by supervisors.
According to COSO ERM, which of the following is not one of the bases that should be used to analyze the risks of an identified event?
A. Control risk. B. Inherent risk. C. Residual risk. D. Organizational risk.
An accounting information system is said to have good flexibility, if it ________.
A) works smoothly with the business's employees and organizational structure B) safeguards a business's assets and reduces the likelihood of fraud and errors C) provides information that will improve decision making and reduce uncertainty D) accommodates changes in the business over time