Audit evidence concerning proper segregation of duties ordinarily is best obtained by:
A. preparation of a flowchart of duties performed by available personnel.
B. direct personal observation of the employees who apply the control activities.
C. inquiring whether control activities operated consistently throughout the period.
D. reviewing job descriptions prepared by the Personnel Department.
Answer: B
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Sales opportunities in the service sector are most likely expanding because:
A) service providers connect directly with consumers B) the service industry has a higher growth rate than the product industry does C) modern consumers need help with activities that they used to be able to do on their own D) the service industry is starting to saturate the market relative to the industrial and product industries E) the service industry provides a higher commission rate for salespeople than other industries
_______ is the process of generating knowledge about the market that individuals in the business use to inform and guide their decision making
a. Market sensing b. Market research c. Information utilization d. Information acquisition
In the EPQ model, setup costs refer to ______.
A. the labor costs related to preparing the necessary equipment, changing tools and fixtures on the equipment, cleaning, and so forth B. the labor costs related to ordering materials, receiving materials, and payment on invoices for materials received C. the labor costs related to transporting and warehousing materials received D. the labor costs related to inspecting the quality of materials received
Increasing globalization of the ride-share industry can be a driving force because
A. foreign ride-share operators typically have lower costs, more technological expertise, and greater social network integration capabilities than domestic firms. B. market growth rates rise, product innovation accelerates, and new ride-share startups are increasingly likely to enter the industry. C. it results in ride-share companies having fewer competitors and a strategic group map with fewer circles. D. the services provided by foreign ride-share competitors are nearly always cheaper or of better quality than those of domestic companies. E. ride-share companies need to spread their operating reach into more and more country markets to meet emerging consumer demand and take advantage of available operating opportunities.