Refer to the T-account below: Raw MaterialsBal.15,000(9)75,000(5)85,000 Bal.25,000 Entry (5) could represent which of the following?
A. Requisitions of raw materials to be used in production.
B. Payments for raw materials.
C. Purchases of raw materials.
D. Overhead cost applied to Work in Process.
Answer: C
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Which of the following is not a control that the PCAOB has identified that auditors should consider in evaluating whether or not an organization has sufficiently addressed fraud risk?
a. Controls over significant, unusual transaction. b. Controls over related-party transactions. c. Controls related to marketable securities. d. Controls related to significant management estimates.
________ project management concentrates firmly on thorough planning up front.
Fill in the blank(s) with the appropriate word(s).
Which of the following is not considered a best practice regarding 360-degree feedback systems?
A. Maintain rater confidentiality. B. The results from such feedback should be used to make compensation decisions. C. Employees receive timely feedback. D. The system provides reliable ratings of competencies.
Which of the following CASE tools is useful in the project initiation and planning phase of the SDLC?
A) Diagramming B) Report generators C) Form generators D) Documentation generators