For a complex IT system, auditors are least likely to use which of the following when documenting their understanding of internal controls?
A. Narratives.
B. Internal control questionnaires.
C. Flowcharts.
D. Organization charts.
A. Narratives.
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Which of the following costs would not be included in factory overhead in the manufacture of a student's desk?
a. The oil used to maintain the machinery. b. The salary of the supervisor of the Assembly department. c. The wood used to form the top of the desk. d. The wages of personnel who perform inspections of incoming materials.
Because of recent advances in data warehousing and data mining, the amount of data we produce is expected to decrease in the near future
Indicate whether the statement is true or false
Conch Corporation, a global oil and gas company, has plans to build a subsidized postsecondary vocational school in the town of Cristen, where one of its offices is situated
The plan was put to vote and approved despite some objections from shareholders. The school is being built in collaboration with the local government. The objective is to help the youth of the neighborhood, especially school dropouts, learn vocational skills. What social responsibility theory describes Conch Corporation's initiative to build the school? A) moral minimum B) maximizing profits C) corporate citizenship D) stakeholder interest
Which of the following is an advantage of sole proprietorship?
A) The owner's personal liability for all assets is the least. B) The proprietor does not have to worry about day-to-day management decisions. C) The proprietorship is subject to less government regulation at all levels. D) The lifetime of such an organization is unlimited.