Which of the following is not a common characteristic of successful control systems?

A. Results oriented
B. Realistic
C. Encouragement of self-control
D. Flexible
E. Emphasis on accountability


E. Emphasis on accountability

Successful control systems have a number of common characteristics: (1) They are strategic and results oriented. (2) They are timely, accurate, and objective. (3) They are realistic, positive, and understandable, and they encourage self-control. (4) They are flexible.

Business

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Indicate whether the statement is true or false

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The SBA 7(a) loan program has a maximum loan amount of $5 million.

Answer the following statement true (T) or false (F)

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Sam Edjidian buys two cars from Silver Strip Auto Sales. One car is for his personal use and one is for his business. The dealer told Sam that both cars were from within the province. This was not put in writing

The dealer believed what he said was true. After purchasing the vehicles, Sam learned they were brought in from another province where safety standards were higher, and where they had both failed the safety tests. There is a standard exemption clause in the purchase agreement Sam signed saying that there are no representations except those in writing. Which of the following statement is TRUE? A) The exemption clause is ineffective for the car that was bought for personal use. B) The exemption clause is ineffective for the car purchased for business use. C) The exemption clause is ineffective in both agreements. D) The exemption clause is effective in both agreements. E) The exemption clause is ineffective in British Columbia only

Business

The GASB has the authority to establish accounting and financial reporting standards for:

A. Federal government. B. State governments. C. Private not-for-profits. D. None of the choices is correct.

Business