Answer the following statements true (T) or false (F)
1. Burglar alarms, fire alarms, and security cameras improve internal control.
2. Separating the custody of assets from accounting implies that the accountants must not handle cash and the cashier must not have access to the accounting records.
3. The use of computer firewalls is an essential element of good internal controls for e-commerce.
4. In a large company, the person in charge of signing checks is the controller.
5. If competent, reliable, and ethical employees are hired, there is no need to adequately supervise their work.
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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The most obvious risk to bond investors is that a company will fail and be unable to pay its debts
a. True b. False Indicate whether the statement is true or false
Having recently celebrated her 50th birthday, Mattel's Barbie is an example of an age-defying product. Barbie, simultaneously timeless and trendy, is in the ________ stage of the PLC
A) introduction B) growth C) maturity D) decline E) adoption
Kellogg's changed the name of its Heartwise cereal to Fiberwise most likely to ________.
A. convey a stronger product image, since "heart" implied sentimentality and "fiber" implied strength B. comply with Food and Drug Administration guidelines on the use of the word "heart" in food brand names C. respond to a changing public interest from heart to intestinal health issues D. complement its new line of breakfast fiber bars E. avoid a lawsuit by the makers of HeartPro Organic Cereal because they claimed the names and benefits were too similar
Which of the following is the correct definition for a partnership?
a. An association of two or more persons with one or more general partners and one or more limited partners. b. A legal entity ordinarily consisting of an association of numerous individuals. c. An association of two or more persons to carry on as co-tenants in business. d. An association of two or more persons to carry on as co-owners a business for profit.