While performing a financial analysis for his organization, Morris discovers that there has been mismanagement of employee funds over the past three months. He immediately reports this to his supervisors. In this scenario, Morris is most likely a(n) _____.
A. public prosecutor
B. government accountant
C. internal auditor
D. public accountant
Answer: C
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"What is the assessment of the external environment? What are the critical issues facing the business? Can the business execute the strategy?" According to Bossidy and Charan, a ______ should address these some of these questions.
A. code of ethics B. value statement C. diversity agenda D. mission statement E. strong strategic plan
The Vice President of Finance at Kramerica, Inc. has determined a capital investment budget of $8,000,000 for the next year. Unfortunately, this amount is not sufficient to accept all positive NPV projects available to the firm, which are listed in the table below.
1. Help the Vice President of Finance to choose which set of investments should be accepted.
a) Using the Solver, determine which projects should be accepted if the firm’s goal is to maximize shareholders wealth, subject to the maximum investment constraint. (Note: Make sure to set the Solving Method to Simplex LP.)
b) Now assume that the Vice President of Finance has informed you that the capital budget has been cut to $4,000,000 for the next year, and that at least one project must be accepted for each region. Change your Solver constraints to account for this new information and find the new solution.
c) In addition to the constraints from part b, the Vice President of Finance has now informed you that projects 3, 5, and 8 are mutually exclusive, so, at most, one of them can be selected. Change your Solver constraints to account for this new information and find the new solution.
The primary purpose of the Securities and Exchange Commission is to
a. regulate the issuance and trading of securities. b. issue accounting and auditing regulations for publicly held companies. c. prevent the trading of speculative securities. d. enforce generally accepted accounting principles.
JIT is a philosophy concerned with
a. when to do something. b. how to do something. c. where to do something. d. how much of something should be done.