Identify a benefit ofholding larger inventories.
A. Decreased holding costs
B. Decreased risk of losses due to depreciation
C. High availability of funds
D. Smooth production schedules
Answer: D
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Which internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the journal?
a. Segregation of duties b. Independent review and appraisal c. Independent verifications d. Proper authorizations
A group couponing site such as Groupon rewards customers who invite their friends to purchase coupons. This is an example of ______.
a. Guests as part of each other’s experience b. Guests as marketers c. Guests as unpaid consultants d. Guests as supervisors
Job dissatisfaction among employees typically leads to ______.
a. higher self-actualization b. higher affiliation c. unethical behavior d. high turnover
The Fair Credit Reporting Act gives consumers specific rights and protections when they apply for and are denied credit
Indicate whether the statement is true or false