It is generally considered best practice to use slang and sports analogies when training groups of trainees from different cultural backgrounds. Doing so helps to promote fun in the learning environment, and such strategies can serve as useful mnemonic devices.
Answer the following statement true (T) or false (F)
False
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The reconciliation of the cash register tape with the cash in the register is an example of
A) other controls. B) independent internal verification. C) establishment of responsibility. D) segregation of duties.
________ is an accounting approach based on specific accounting requirements set by governmental taxing agencies.
A. Forensic accounting B. Benchmarking C. Managerial accounting D. Tax accounting
The Economic Espionage Act
A. makes the theft of trade secrets by foreign entities a federal crime in the U.S. B. allows the World Court in The Hague to adjudicate trade disputes on behalf of United Nations' members and requires the home country to impose any penalties. C. targets espionage activities that are commonplace in any industry that holds governmental contracts. D. is well-intended in theory, but is virtually impossible to enforce. E. imposes a personal fine on a convicted U.S. citizen of up to $10 million.
With a bill of lading, Cartage Common Carrier Company acknowledges possession of certain goods and contracts to deliver them. Cartage is
A. a bailee. B. a buyer in the ordinary course of business. C. a good faith purchaser for value. D. an F.O.B.