________ refers to the continual process of generating cash through sales, preserving cash by taking advantage of credit offered by suppliers, and utilizing cash by investing in inventory and offering credit to customers
A) The cash flow cycle
B) The working capital cycle
C) The accounting equation
D) The dual-entry accounting system
A
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A(n) _____ system is used at all levels of an organization, and often by non-managerial staff.
A. enterprise resource planning B. customer relationship management C. supply chain management D. decision support
How are the following carried out in the Fixed Asset System: authorization, supervision, independent verification?
Answer the following statements true (T) or false (F)
1. Burglar alarms, fire alarms, and security cameras improve internal control. 2. Separating the custody of assets from accounting implies that the accountants must not handle cash and the cashier must not have access to the accounting records. 3. The use of computer firewalls is an essential element of good internal controls for e-commerce. 4. In a large company, the person in charge of signing checks is the controller. 5. If competent, reliable, and ethical employees are hired, there is no need to adequately supervise their work.
In general, only the ______ can bring a federal suit alleging a pattern or practice of discrimination.
A. governor of the state B. office of compliance C. attorney general D. police