In dealing with the work-related activities of people, managers must have an understanding of all of the following EXCEPT
A. leadership.
B. decision making.
C. organizational structure and design.
D. organizational culture.
E. long-term plans of marketplace competitors.
Answer: E
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Auditors will examine the insurance register primarily to:
A. ensure that dollar coverage amounts are adequate. B. ensure that insurance agents are not related parties. C. examine policy expiration dates to verify that prepaid insurance is properly stated. D. ensure that all assets are insured.
Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?
a. operations management b. middle management c. top management d. line management
When using confirmations with outside parties, the auditor must assure which of the following about the outside party?
a. The outside party exists. b. The outside party is able to respond objectively and independently. c. The outside party is unbiased in responding. d. All the above.
A cost center responsibility report ________.
A) includes depreciation expense B) typically focuses on the flexible budget variance C) is the same as a performance report D) shows all costs incurred by the department