Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems
Indicate whether the statement is true or false
T
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Which of the following procedures most likely would be included as part of an auditor's tests of controls?
A. Reconciliation. B. Confirmation. C. Inspection. D. Analytical procedures.
Which of the following is FALSE concerning legal actions by organizations regarding fraud?
a. Legal action is expensive. b. Legal action is time consuming. c. Legal action is sometimes embarrassing. d. Legal action stops future frauds.
Managers may use the accounting rate of return to evaluate potential investment projects because
A) debt contracts require that a firm maintain certain ratios that are affected by income and long-term asset levels B) it serves as a screening measure to insure that new investments do not affect key financial ratios C) bonuses to managers may be based on accounting income and/or return on assets D) it can be tied to the manager's personal income E) all of these
The types of conflict include:
a. None of the answers are correct. b. avoidance. c. accommodation. d. delay.