A component of internal control is:
A) risk assessment.
B) journals.
C) subsidiary ledgers.
D) controlling accounts.
A
You might also like to view...
The choices below depict five costs of Garfield Industries and a possible driver for each cost. Which of these choices likely contains an inappropriate cost driver?
A. Manufacturing overhead incurred in a heavily automated facility; direct labor hours. B. Gasoline consumed; number of miles driven. C. Sales commissions; gross sales revenue. D. Human resources department cost; number of employees. E. Building maintenance cost; building square footage.
The Acme Global Corporation needed to hire 30 new advertising sales agents. The applicant pool consisted of 100 African-American males and 100 white males. Of the 200 applicants, Acme Global hired 10 of the African-American males and 20 of the white males. Is there evidence of disparate impact?
A. Yes, the selection rate of 20 percent is less than 80 percent, so the Four-Fifths Rule is not met B. Yes, the selection rate of 5 percent is less than 16 percent, so the Four-Fifths Rule is not met C. No, the selection rate of 20 percent is more than 5 percent, so the Four-Fifths Rule is met D. No, the selection rate of 10 percent is less than 80 percent, so the Four-Fifths Rule is met E. None of the above
Systematic risk is that portion of an asset's risk that is attributable to firm-specific, random causes
Indicate whether the statement is true or false
AIDA is an acronym for _____.
A. action, intention, direction, and activity B. apathy, insecurity, deterrent, and acceptance C. attention, interest, desire, and action D. anguish, instability, displacement, and agony E. attrition, interrogation, development, and assessment