By separating data into tables containing data on only one theme each, making changes to the data is simplified
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TRUE
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In queuing problems, the term "renege" refers to the fact that some customers leave the queue before service is completed
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Contributory negligence is a defense whereby the plaintiff's recovery is reduced by his percentage of fault
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Identify whether the following tests are tests of controls, substantive analytical procedures, tests of details of transactions, or tests of details of account balances:
1) Select a sample of customer receivables and send positive confirmations to each customer. 2) Examine monthly bank reconciliations for the internal auditors' initials indicating internal verification and review of the reconciliation. 3) Select a sample of entries in the sales journal and trace each to the shipping documents. 4) Compute receivable turnover and compare with previous years. 5) For a sample of new customers, determine whether credit approval was properly administered and documented. 6) Compare the dates on a sample of sales invoices with the dates of shipment and the dates the transactions were recorded in the sales journal.
Funds on deposit at commercial banks having variable maturities and yields based on size, maturity, and prevailing money market conditions are ________.
A) negotiable certificates of deposit B) commercial paper C) savings accounts D) money market mutual funds