Which of the following statement is correct regarding internal control?
A. Internal control in a necessary business function and should be designed and operated to detect errors and fraud.
B. An inherent limitation to internal control is the fact that controls can be circumvented by management override.
C. A well-designed internal control environment ensures the achievement of an entity's control objectives.
D. A well-designed and operated internal control environment should detect collusion perpetrated by two people.
Answer: B
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When two brands of the same basic product deliver their respective promised quality, they are delivering ________
A) performance quality B) conformance quality C) unique quality D) accuracy quality E) customer support
A few state courts have declared their state's statute of repose unconstitutional because it:
A. does not bar the bringing of a tort-based product liability suit after a certain number of years from the date the product is first sold to a user. B. denies people the right to seek redress for their injuries when they had no chance to discover their injuries within the statutory period. C. gives people time from the date they discover their injury in which to bring their suit. D. refrains people to bring a suit who are injured by products such as asbestos or DES that cause injury immediately.
________ is one element that distinguishes good people who make ethically responsible decisions from good people who do not.
A. Moral imagination B. Normative myopia C. Inattentional blindness D. Change blindness
Analyze how a vision can fail.
What will be an ideal response?