The controller at Horizon, Inc. needs new computers for the accounting department. However, there are no guidelines specifying whether the controller can approve purchases of office equipment
In the above situation, which internal control procedure needs strengthening?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
A
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The ______ outline is a sparse outline containing a few words to identify the key points of your speech.
a. preliminary b. working c. basic d. incomplete
Being able to prioritize our workload helps us to make better decisions and prevents us from having which barrier of communication?
a. Emotions b. Information overload c. Differing perceptions d. Filtering
Mary's car was parked just outside the east door of the Civic Center. When she tried to exit, three ominous-looking gang members were blocking that door. She called the police who arrested the three for loitering. If Mary brings suit against them for false imprisonment:
a. she will lose if there was another exit she could have used. b. she will lose because she was not harmed by the confinement. c. she will win even if there was another way out because she was, in effect, being confined to the Civic Center. d. she will win because they were blocking her passage to her car.
Gross profit is calculated as ________
A) sales revenue less sales discounts and allowances B) sales revenue less operating expenses C) net sales revenue less sales discounts D) net sales revenue less cost of goods sold