Which of the following is the foundation for the components of internal control, providing discipline and structure?
a. Open door policy
b. Control environment
c. Whistle-blowing system
d. Surveillance
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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Catherine wanted to purchase a digital camera. Hence, she visited an online retailer's website to learn more about the different features and capabilities of the device. Catherine went to a big-box store to make other purchases. She sees the camera there and purchases it. Which of the following terms describes Catherine's actions?
A. Channel migration B. Phishing C. Channel expansion D. Automated retailing E. E-tailing
The partnership is liable for torts committed by any partner of the firm while engaged in partnership business under the doctrine of ________.
A. ultra vires B. caveat emptor C. estoppel D. respondeat superior
The initial step in achieving the efficiency of a just-in-time system is to
a. redesign the plant layout. b. replace laborers with machines. c. stop ordering materials for inventory. d. identify products that are not profitable.
Goals are best set at what level?
a. Challenging yet attainable b. Lofty to inspire vision c. Low to encourage incremental progress d. Attainable so employees don’t fear they won’t meet expectations