All business processes begin and end with a(n):
A) starting and termination points
B) event
C) activity
D) gateway
Answer: B) event
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The concept of reasonable assurance in the context of an entity's internal controls recognizes that:
A. the costs of some controls may be too high to implement in relation to potential benefits. B. proper internal controls guarantee that material misstatements will not occur. C. proper internal controls preclude fraud. D. auditors may fail to detect material misstatements.
Southeast Manufacturing Company has identified the following cost objects:Cost Object 1: The cost of operating the finishing departmentCost Object 2: The cost of a particular product made in JuneCost Object 3: The cost of operating the factoryWith respect to these cost objects, the cost of the salary of the supervisor of the finishing department is directly traceable to cost objects:
A. 1 and 3. B. 1 and 2. C. 2 and 3. D. 1, 2, and 3.
Describe the six major categories of hardware, and provide an example of each.
What will be an ideal response?
With ______ recruiting, the organization does not openly advertise the position internally. Instead, it asks managers to privately nominate workers who they feel would be able to do the job that needs to be filled.
A. targeted B. closed C. open D. crisis