Which of the following represents a group composed of key officers of a corporation and outside members responsible for the general oversight of the affairs of the company?
a. Board of Directors
b. Internal Audit Staff
c. External Auditors
d. Audit Committee
a
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Explain the difference between flat and tall organizations.
What will be an ideal response?
All of the following are marketing activities designed to stimulate conversations that promote positive or retard negative word of mouth EXCEPT:
A. running teaser advertising campaigns in advance of new-product introductions. B. giving appropriate product demonstrations. C. using slogans, music, and humor in advertising. D. employing VALS segmentation strategies. E. recruiting and deploying people to produce buzz.
Which of the following statements about materials is false?
A. Direct materials are accounted for in a different manner than indirect materials. B. The use of indirect materials gives rise to a credit to Manufacturing Supplies Inventory. C. The use of indirect materials gives rise to a debit to Manufacturing Overhead. D. The use of direct materials gives rise to a debit to Work-in-Process Inventory. E. Acquisitions of materials are normally charged to the Purchases account.
For clients that distribute checks or cash payments and have significant payroll control weakness, which of the following audit procedures is aimed at determining whether every name on the company payroll is a bona fide employee actually on the job?
A. Analytical comparisons of budgeted to actual payroll expense. B. A test of payroll extensions. C. Comparison of payee names on canceled payroll checks with the payroll register. D. A surprised observation of a paycheck distribution, while establishing the identity of each employee receiving payment.