Before an accountant can properly audit an accounting system, they must understand the ______ to follow transactions through the system.
Fill in the blank(s) with the appropriate word(s).
database design
To properly audit an accounting system, the accountant must understand the design of the database and be able to follow transactions through the system.
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Removing trade barriers that were protecting an inefficient industry will likely cause ____________________ in that industry.
A. lawsuits B. transnational collective bargaining C. management shifts D. job losses
You are on the subway in New York when you overhear two people you do not know talking about an upcoming merger, news not yet public. They seem to know their stuff. If you buy stock based on this information, and profit when the information turns out true, you have:
a. profited, but are an outsider and so your actions are probably not illegal b. engaged in insider trading that is probably illegal c. not engaged in insider trading because you are not a corporate officer d. not engaged in insider trading because once you overheard the information it was public e. violated the Insider Trading Sanctions Act and could face criminal charges
When performing observations, it is best to select typical people and sites as opposed to atypical people and sites
Indicate whether the statement is true or false
Which of the following terms describes the up and down movements of a time series that vary both in length and intensity?
a. Long-term trend component c. Random variation component b. Cyclical variation component d. Seasonal variation component