Planning an online business is similar to planning for any startup venture in that it centers on a business plan
Indicate whether the statement is true or false
TRUE
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An auditor is least likely to test the internal controls that provide for:
A. vouching a sample of sales transactions to make sure each one has an accompanying shipping document. B. comparison of receiving reports and vendors' invoices with purchase orders. C. approval of the purchase and sale of marketable securities. D. segregation of the functions of recording disbursements and reconciling the bank account.
Separating the data warehouse from the operations databases occurs for all of the following reasons except
a. to make the management of the databases more economical b. to increase the efficiency of data mining processes c. to integrate legacy system data into a form that permits entity-wide analysis d. to permit the integration of data from diverse sources
Second Street Company has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $180 each. The price lists from suppliers indicate the current replacement cost of the item to be $174 each. Which of the following statements is TRUE of the effects of the adjustments to ending merchandise inventory and the cost of goods sold?
A) The cost of goods sold would increase by $6. B) The cost of goods sold would not be affected. C) The cost of goods sold would decrease by $60. D) The cost of goods sold would increase by $60.
What were Project GLOBE‘s findings and why is it similar to implicit leadership theory?
What will be an ideal response?