Internal controls focus on all of the following except:
A. maximization of profit and cash flows.
B. efficiency of operations.
C. effectiveness of operations.
D. reliability of financial reporting.
E. compliance with applicable laws and regulations.
Answer: A
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As the sample size increases, the margin of error
A. increases. B. decreases. C. stays the same. D. fluctuates depending on the mean.
When an employer offers a contributory pension plan, contributions are made jointly by employers and the government.
Answer the following statement true (T) or false (F)
Chisolm Corporation issued 10,000 shares of $5 par common stock for $22 per share. As a result of this transaction, Chisolm's legal capital increased by $50,000.
Answer the following statement true (T) or false (F)
Mention some major contributions made by small businesses.
What will be an ideal response?