Which element of internal control deals with establishing procedures for things such as handling of incoming checks?

A) Monitoring
B) Control environment
C) Control activities
D) Risk assessment


C) Control activities

Business

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In logrolling, if the parties have different preferences on different issues, each party gets their most preferred outcome on their high priority issue and should be happy with the overall agreement. 

Answer the following statement true (T) or false (F)

Business

What three financial statements are prepared by business firms and what information does each provide?

Business

Which of the following is a segmentation technique that combines geography with demographics?

A) geocoding B) geodemography C) geodiversity D) regional generation E) psychographics

Business

Millie prefers to stay at the Omni Hotel rather than the Embassy Suites because she knows the Omni provides high-end bedding, luxurious robes and toiletry products for every customer. What differentiation factor is affecting Millie's decision?

A. price B. service C. personnel D. innovative E. convenience

Business