Which of the following best describes a fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit in both the account from which the cash is withdrawn and the account to which it is transferred?
a. Lapping of cash.
b. Kiting of cash.
c. Embezzlement of cash.
d. Restrictive endorsements of cash.
b
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The Fisher effect states that the real interest rate
A. is the only measure to use in calculating PPP. B. is the difference between the nominal rate and the inflation rate. C. is the nominal rate minus the expected inflation rate. D. is the nominal rate plus the recorded inflation rate.
Which of the following is a perceived disadvantage of Kantian ethics?
A) It treats morality as if it were an impersonal mathematical calculation. B) It does not allow people to have subjective notions of right and wrong. C) It is based on universal rules that have no common consensus. D) It distinguishes between the morality one uses to judge others and the morality one uses on oneself.
One tool to visually identify and pinpoint waste is ______.
a. a value stream map b. a histogram c. a process map d. a Pareto chart
In a two-tail test for the population mean, if the null hypothesis is rejected when the alternative hypothesis is true:
a. a Type I error is committed. b. a Type II error is committed. c. a correct decision is made. d. a one-tail test should be used instead of a two-tail test.