Which of the following segregation of duties is not required for the B/AR/CR business process controls to be effective?
a. price authorization and billing
b. treasury and controllership
c. bank reconciliation and cash receipts
d. all of these are required for effective control
D
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All of the following are considered critical elements of a good ethics program except
a. An introduction from the CEO b. The assignment of functional responsibility c. Proper employee training d. An ethics hotline
As per the Occupational Safety and Health Administration standards, all record-keeping forms must be retained for seven years by an organization and must be available for inspection.
Answer the following statement true (T) or false (F)
Sensations are both biochemical and neurological in nature.
Answer the following statement true (T) or false (F)
A firm uses the chase strategy of aggregate planning. It produced 1000 units in the last period. Demand in the next period is estimated at 800, and demand over the next six periods (its aggregate planning horizon) is estimated to average 900 units
Which of the following tactics would be most representative of following a chase strategy? A) add 100 units to inventory in the next period B) add 200 units to inventory in the next period C) hire workers to match the 100-unit difference D) lay off workers to match the 200-unit difference E) implement a lower price point to increase demand