Which internal control procedure is followed when storage areas are secured with limited access?
a. Segregation duties
b. Safeguarding assets and records
c. Independent verifications
d. Proper authorizations
b
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Personal interactions with survey respondents could lead to answers that would not be given otherwise. This gives rise to the potential for:
A) nonresponse bias. B) tolerance bias. C) focus bias. D) interviewer bias.
________ is a simple, statistically based method of analyzing a subset of transactions from a larger pool
a. Structured sampling b. Probability sampling c. Cluster sampling d. Discovery sampling
When Company A discounts, with recourse, a note to Company B, Company B has a contingent liability until the note is paid
Indicate whether the statement is true or false
What is the Justice Department's current position relative to reciprocal dealing agreements?
A. The Justice Department actively enforces this illegal activity. B. The Justice Department is only concerned about these agreements if a large, national company is involved. C. The Justice Department only gets involved if such an agreement will foreclose a significant share of the market and if the participants agreed not to buy from other competitors. D. The Justice Department only gets involved if such an agreement is "decidedly uneven," meaning that one company benefits significantly more than the other.