The internal audit department at Monument Company receives electronic exceptions reports for all sales transactions entered over $10,000 in total. This process is performed for which purpose?
a. Drafting financial statements.
b. Monitoring revenue transactions.
c. Providing management reports to the controller.
d. Providing suggestions for operational improvement.
b
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Vern Corp sold merchandise to a customer on credit. The invoice amount was $2,000; the invoice date was June 10; credit terms were 1/20, n/30 . Which one of the following statements is true?
a. The customer must pay a $20 penalty if payment is made after July 9. b. The customer should pay $2,000 if the invoice is paid on July 9. c. The customer must pay $2,020 if payment is made after June 20. d. The customer can take a $20 discount if the invoice is paid on June 30.
When consumers go specialty shopping, they know what they want and will not accept a substitute.
Answer the following statement true (T) or false (F)
Sustainable economic development
A. meets future needs without compromising present needs. B. always generates greater profitability. C. produces greater diversity in the workforce. D. meets present needs without compromising the ability of future generations to meet their needs. E. is an idea proposed by Frank and Lillian Gilbreth to cut costs and increase efficiency.
According to the Pygmalion effect, managers can boost performance by ______.
A. raising expectations B. raising pay C. raising equity D. raising satisfaction