When a company has one person post cash receipts, and another person deliver the deposit, this is an example of:
A) restricted access.
B) proper authorization.
C) separation of duties.
D) internal control limitations.
C) separation of duties.
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Jackie's parents loaned her $80,000 to fund her college education. Her parents are not charging interest. They desire to be paid one lump sum of $80,000 when Jackie can accumulate that amount. Jackie established a savings plan that earns 8% compounded annually. Her new job promises to pay an annual holiday bonus that will enable her to make equal annual, year-end deposits of $6,400. Approximately
how many years will it take Jackie to accumulate the $80,000? A) 8 years B) 8.5 years C) 9 years D) 12.5 years
If you do not tell your audience all of the information relevant to your topic in order to hide something that might counter your argument, you are committing a(n)
a. covert lie b. overt lie c. real lie d. honest lie
What are the two major functions of organizational culture imperative to an organization’s survival called?
A. environmental diversification and internal diversification B. internal adaptation and external integration C. macro diversification and micro integration D. external adaptation and internal integration
Channel-stuffing, lapping, and round-tripping are all forms of:
a. inventory-related fraud schemes. b. expense-related fraud schemes. c. revenue-related fraud schemes. d. improperly holding the books open.