Internal control over a company’s assets should include the following policy
A. Responsibilities and duties of employees will be divided.
B. All cash receipts will be deposited into the bank the same day they arrive.
C. All cash payments will be made by check (except petty cash).
D. All of the above answers are correct.
Correct answer is D. All of the above answers are correct.
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Edgar needs his goals for his department to be time-based. According to the text, he should ask ______.
A. when do we need to attain this goal? B. are there larger goals I can set? C. how much will this cost? D. how accurately can we reach the goal?
Boston Symphony Orchestra realized the classic music market was generally becoming older and needed to learn how to appeal to younger concert-goers. It hired a research agency to identify the positive and negative attributes of going to concerts. One type of research conducted by the agency was to interview former symphony season ticket holders who were no longer attending the concerts. In other words, the agency used:
A. Critical incidents studies B. Trailer calls C. Lost customer research D. Complaint solicitation E. Relationship survey
Ronnie works on a part-time basis for a company that provides home repair and maintenance services. Ronnie is specialized in handling the central heating systems in homes and is therefore needed to be at work only during the winter. He is mostly unemployed for the rest of the year. In this scenario, the form of unemployment faced by Ronnie is _____.
A. seasonal unemployment B. structural unemployment C. periodical unemployment D. cyclical unemployment
Deposits in commercial banks that are members of the FDIC, are insured up to a maximum of $50,000 per account
Indicate whether the statement is true or false.