Regarding the chapter’s strategic planning model, the internal audit seeks to identify ______.

a. the important competitors in the marketplace
b. the organization’s core competencies
c. key drivers of the accounting department
d. ambient conditions.


b. the organization’s core competencies

Business

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Which of the following is NOT one of the three types of information that is obtained from a questionnaire?

A) basic information B) problem-solving information C) classification information D) identification information E) C and D

Business

Identify the three main types of sources to be used in research, and when each use is most appropriate

What will be an ideal response?

Business

The following information relates to Gear Corporation:                 Inventory conversion period                  68.2 days                 Receivables collection period                35.8 days                 Payables deferral period                        24.6 days Which of the following is the cash conversion cycle of the company?

A. 128.6 days B. 79.4 days C. 57.0 days D. 79.2 days E. 60.4 days

Business

The following table represents the number of applicants at a popular private college in the last four years

Month New members 2007 10,067 2008 10,940 2009 11,116 2010 10,999 Assuming ? = 0.2, ? = 0.3, an initial forecast of 10,000 for 2007, and an initial trend adjustment of 0 for 2007, use exponential smoothing with trend adjustment to come up with a forecast for 2011 on the number of applicants.

Business