In project management, PERT (program evaluation and review technique) ______.
A. uses a weighted average of optimistic, pessimistic, and most likely estimates to calculate the expected duration for an activity
B. uses a deterministic approach to calculate the expected duration for an activity
C. uses a simple average of optimistic, pessimistic, and most likely estimates to calculate the expected duration for an activity
D. uses a most likely estimate to calculate the expected duration for an activity
A. uses a weighted average of optimistic, pessimistic, and most likely estimates to calculate the expected duration for an activity
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A key indicator of fraud in the revenue cycle is the auditor's detection of which of the following?
a. Customer collections that are over 90 days past due. b. Credit entries in customer accounts receivable for authorized writeoffs. c. Recurring entries in the sales journal. d. Altered shipping documents and invoices.
Which of the following descriptions is most valid, as it applies to accurate methods of analyzing data?
a. Judging data on the basis of personal consideration b. Judging data on the basis of the evidence and soundness of research techniques c. Judging data on the basis of evidence and on the character and ability of the study's participants d. Judging data on the basis of findings of similar studies
Which of the following statements is FALSE?
A) It is estimated that insurance fraud in Canada is $1 billion per year and about 15% of premiums go to cover insurance fraud. B) Many insurance fraud schemes include people making false claims for rehabilitation costs after staged car accidents where they were never injured. C) People who commit insurance fraud can face fines and jail sentences. D) Arson is a serious type of insurance fraud. E) All of the above statements are true.
Drainage & Irrigation Equipment, Inc, contracts to sell its assets to Earth & Sky Aquatic Corpo-ration. Before either party has performed, rescission of this con-tract requires
a. a mutual agreement to rescind. b. an accord and satisfaction. c. a novation. d. a settlement agreement.