If you have ever used a bank's automated teller machine (ATM), paid for gasoline at an automated gas pump using a charge card, made an airline reservation over the phone, paid a restaurant check using a credit card, or surfed the World Wide Web, then
you have used a data communications network that is based on either the Open Systems Interconnection (OSI) or the Transmission Control Protocol/Internet Protocol (TCP/IP).
Indicate whether the statement is true or false
TRUE
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Which of the following procedures would not be used to obtain an understanding of the entity and its environment?
A. Reperform entity processes. B. Verify proper valuation of inventory subject to technological obsolescence. C. Review prior year's audit documentation. D. Observe entity operations.
Which of the following statements is not a disadvantage of unstructured questions?
A) Unstructured questions are not suitable for self-administered questionnaires. B) Coding of responses is costly and time consuming. C) Unstructured questions have a much less biasing influence on response than structured questions. D) Implicitly, unstructured questions give extra weight to respondents who are more articulate.
Which of the following statements is not necessarily true about a journal entry?
a. Liabilities are indented. b. An explanation follows the journal entry. c. The Post. Ref. column is left blank until the entry is posted. d. All debits must be recorded before any credits.
Which of the following services is highest in incorporeal evidence?
A. A drive-through liquor store B. An ATM C. A movie theater D. A vacation cruise E. Management consulting