Organizations and individuals that have proactive fraud prevention measures usually find that their prevention efforts:
a. help in training employees about appropriate behavior.
b. often prompt smaller frauds.
c. pay big dividends.
d. aid in punishing fraud perpetrators.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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For a firm using the indirect method, which of the following statements does not correctly describe an adjustment to net income when determining cash flows from operating activities?
A. An increase in wages payable will be added to net income. B. Amortization of bond discount will be added to net income. C. Patent amortization expense will be deducted from net income. D. A decrease in accrued interest payable will be deducted from net income.
Which Principle of the AICPA Code of Professional Conduct is: Members should broaden and maintain public confidence by performing all of their professional responsibilities with the highest sense of honesty possible?
A) Scope and Nature of Services B) Due Care C) Integrity D) Objectivity and Independence
In non-hierarchical clustering, plotting the ratio of total within-group variance to between-group variance against the number of clusters is useful if you are ________
A) interpreting and profiling the clusters B) assessing the validity of clustering C) deciding on the number of clusters D) both B and C
The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) forbids its member nations to enter into treaties with countries in Central America that are not part of the DR-CAFTA
Indicate whether the statement is true or false