For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer
Second National Bank requires mandatory vacations and job rotation.
What will be an ideal response
Strength
If an employee never takes a vacation or always performs the same duties, that employee may be covering up a theft or a departure from the company's policies or procedures.
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The third step in financial statement analysis is to assess the quality of the firm's financial statements. Which of the following is a question an analyst should ask when performing this step?
a. Are industry sales growing rapidly or slowly? b. Do earnings include revenues that appear mismatched with the business model employed by the firm? c. Does the industry include a large number of firms selling similar products? d. What is the company's degree of geographical diversification?
Which of the following are challenges faced by project managers?
A. Project team members are more loyal to the project than to their parent departments. B. Project team members may live in different parts of the world. C. Project team members may speak the same language. D. Project team members may have the same cultural background.
A distributorship franchisee is called a subfranchisor
Indicate whether the statement is true or false
Online commercials are significantly different from traditional television commercials.
Answer the following statement true (T) or false (F)