The majority of businesses normally end their fiscal year on:
A) June 30.
B) September 30.
C) December 31.
D) some other date.
C) December 31.
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Which of the following statements is true?
A. If the Fed wants to decrease money supply, it buys government securities. B. If the Fed wants to increase money supply, it buys government securities. C. If the Fed wants to decrease money demand, it buys government securities. D. If the Fed wants to increase money demand, it buys government securities.
Initiative applies only to external customer situations.
Answer the following statement true (T) or false (F)
Segregation and rotation of duties is most effective in
a. increasing cost of goods sold. b. assisting management in overriding controls. c. preventing collusion. d. misappropriating company assets.
Sequential storage means
a. data is stored on tape b. access is achieved through an index c. access is direct d. reading record 100 requires first reading records 1 to 99