Needs refer to deficiencies an individual experiences at a particular time. List the three broad categories are typically used to characterize these deficiencies.
What will be an ideal response?
The deficiencies may be physiological (e.g., a need for food), psychological (e.g., a need for self-esteem), or sociological (e.g., a need for social interaction).
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Which of the following is the last step taken by fraud examiners during an examination of a business when looking for e-business fraud?
a. Investigate all symptoms of e-fraud found. b. Use information systems to highlight possible fraud activity. c. Analyze the results of database searches. d. Determine if the activity noted is an anomaly or usual business activity.
Financial statement forecasts rely on additivity within financial statements and articulation across financial statements. Given this information forecasts of future growth in inventory will most likely affect growth in
a. accounts receivables. b. accounts payable. c. depreciation. d. salary payable.
Last year the return on total assets in Justin Company was 8.5%. The total assets were $2,900,000 at the beginning of the year and $3,100,000 at the end of the year. The tax rate was 30%, interest expense totaled $110,000, and sales were $5,200,000. Net income for the year was:
A) $145,000 B) $222,000 C) $332,000 D) $178,000
The target cash balance is the difference between total cash receipts and total cash disbursements.
Answer the following statement true (T) or false (F)