The white box tests of program controls are also known as auditing through the computer

Indicate whether the statement is true or false


T

Business

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Consider the following production function  Y = A×Ka×L1?a. ? If a = 0.4, and over the past year output grew 4 percent, total factor productivity (TFP) grew 2.6 percent, and labor grew 1 percent, what was the growth rate of capital?

A. 4 percent B. 3 percent C. 2 percent D. 1 percent

Business

If net cash flows from operating activities were $388,000, net income were $100,000, and net sales were $1,200,000, the cash flow yield would equal (Round amounts to two decimal places)

A) $288,000. B) $812,000. C) 3.88 times. D) 3.09 times.

Business

Spencer gave all his employees low ratings on their performance appraisals. While the employees had met their objectives for the quarter and several had exceeded their sales goals, Spencer felt that everyone could have worked harder than they did. He does not have any evidence that his employees slacked off during the quarter, he just has a feeling that more could have been done. Spencer’s performance appraisals violate the __________ part of the OUCH test.

A. Objective B. Uniform in Application C. Consistent in Effect D. Has Job Relatedness E. None of the above

Business

In the test market stage of product planning, the refined product idea is tested to determine customer acceptance. 

Answer the following statement true (T) or false (F)

Business