In the past, most frauds were detected:
a. by surveillance and undercover operations.
b. by accident.
c. by providing ways for people to report suspicions of fraud.
d. by examining transaction records and documents to determine if there are anomalies that could represent fraud.
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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If current assets amount to $150, total assets $350, current liabilities $65, and total liabilities $100, then the current ratio is
a. 2.12 to 1 b. 2.31 to 1 c. 3.03 to 1 d. 3.50 to 1
When the Income Statement columns of the work sheet are initially footed, they should be out of balance by the amount of net income or net loss
Indicate whether the statement is true or false
Omni-channel merchants are also referred to as:
A. virtual merchants. B. bricks-and-clicks companies. C. catalog merchants. D. manufacturer-direct firms.
Which of the following kinds of planners generally tend do very poorly in business, even if they do manage to get their firms started?
A. Habit-based planners B. Critical-point planners C. Comprehensive planners D. Opportunistic planners