With regard to segregation of duties, rule two is that asset custody and record keeping should be separated. What does this require in the revenue cycle?
In the revenue cycle, the warehouse has custody of physical assets while accounting (especially general ledger and inventory control) maintains the records. Also, in the cash receipts subsystem, cash receipts has custody of the asset (cash) while general ledger and accounts receivable keep the records.
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______ work as bridges from idea to idea.
Fill in the blank(s) with the appropriate word(s).
____ is the total amount that a company or person spends on information technology over its lifetime.
A. Return on investment B. Total cost of ownership C. Budget of ownership D. Value on investment
Identify the incorrect sentence
A) Amanda worked diligently on her algebra homework. B) Trudy bought a American-made car. C) My sister angrily slammed the door. D) You should concentrate close on whatever you write. E) B and D
Supermarkets and full-line discount stores have effectively reduced personnel costs through the use of _____
a. self-service facilities b. vertical merchandising c. prototype stores d. just-in-time inventory management