Which one of the following is not a generally recognized internal control procedure?
a. Internal review by the audit committee of the board of directors
b. Independent verification of the work of one employee by another employee
c. Independent review and appraisal by internal auditors
d. Segregation of duties
a
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When there is a difference between the actual and the standard capacity, which of the following, based solely on fixed overhead, occurs:
A. Volume variance. B. Quantity variance. C. Production variance. D. Controllable variance. E. Overhead cost variance.
Checksums:
a. will change only marginally when the underlying data is changed. b. are generally not admissible in court to support data handling. c. should be calculated immediately upon seizing a computer drive. d. All of the choices are true of checksums.
The social comparison process, as delineated by Festinger, postulates that individuals have the need to evaluate themselves and to assess their relative standing within ______.
*a. groups b. societies c. family d. organizations
To prevent pressures on the financial resources created by growth, the venture should avoid resource slack.
Answer the following statement true (T) or false (F)