Which of the following is not considered an accounting control?
A. Bonding of employees
B. Requiring employees to take vacations
C. Use of prenumbered documents
D. Duplication of duties
Answer: D
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How are reciprocal and sequential interdependence different?
What will be an ideal response?
A trend that is gaining wider acceptance in the 2010s is the ____ of IT, where consumer preferences drive the adoption of technology in the workplace.
A. customization B. optimization C. consumerization D. virtualization
Happiness Catering has total assets of $417 million. Its total liabilities are $116 million and its equity is $301 million. Calculate its debt ratio.
A. 56.5%. B. 38.5%. C. 25.9%. D. 35.1%. E. 27.8%.
A wise professor crafts a midterm that is beautiful to behold, painful to take, and a chore to grade
The first exam takes almost an hour and a half to grade (89 minutes and 24.7 seconds to be precise) but the second one takes only seventy-six minutes to complete. Realizing that learning effects are at work, the professor looks at his social calendar and spots an important social engagement at this time on the following day, exactly 24 hours from now. How long will it take to grade the third exam? How long will it take to finish grading exams for the entire class of 30 students? What will be an ideal response?