You would like to use the fixed-time period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 10 days and the number of days between reviews is 15. Which of the following is the standard deviation of demand over the review and lead time period if the standard deviation of daily demand is 10?
A. 40
B. 73
C. 100
D. 25
E. 50
Answer: E
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Which of the following is not one of the underlying principles of an effective control environment as developed by COSO?
a. The organization demonstrates a commitment to integrity and ethical values. b. The board of directors demonstrates independence from management and exercises oversight for the development and performance of internal control. c. Management establishes, with board oversight, structures, reporting lines, and appropriate authorities and responsibilities in pursuit of objectives. d. The organization considers the potential for fraud in assessing risks to the achievement of objectives.
Warranties are an example of ______.
a. concurrent control b. rework control c. damage control d. preliminary control
Mary testifies at a trial that her former boss, the president of a chemical company, stole money from the company and used it to pay off his gambling debts
If the chemical company president tries to sue Mary for the statements she made at trial, Mary could A) has the defense of fair comment B) has the defense of absolute privilege C) has the defense of qualified privilege D) has the defense of public interest responsible communication E) be liable for defamation
A swap agreement transfers ownership in a stock from the seller to the buyer.?
Answer the following statement true (T) or false (F)