In a responsibility accounting system, costs are classified into categories on the basis of
a. fixed and variable costs.
b. prime and overhead costs.
c. administrative and nonadministrative costs.
d. controllable and noncontrollable costs.
D
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All of the following are issues of computer security except
a. releasing incorrect data to authorized individuals b. permitting computer operators unlimited access to the computer room c. permitting access to data by unauthorized individuals d. providing correct data to unauthorized individuals
Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic
a. True b. False Indicate whether the statement is true or false
Which of the following represents the correct relationship between budgets and inventories?
a. The direct materials budget includes the budgeted dollar value of the direct materials inventory at the beginning and end of the budget period. b. The direct materials budget includes the budgeted number of units in the direct materials inventory at the beginning and end of the budget period. c. The production budget includes the budgeted number of units in the work in process inventory at the beginning and end of the budget period. d. The direct labor budget includes the budgeted number of units in the work in process inventory at the beginning and end of the budget period.
Which of the following is the first step in developing an advertising program?
A) setting the advertising budget B) developing an advertising strategy C) developing a brand message D) setting advertising objectives E) evaluating advertising campaigns