This is the term for a financial fund that invests in bonds or other debt securities. Similar to purchasing a bond, but with added diversification to minimize risk since it invests in bonds from different companies and industries to spread the risk.
A) Liquidity
B) Government Savings
C) Bond Funds
D) Money Market Account
E) Portfolio
C) Bond Funds
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Data Corporation has just computerized its billing and accounts receivable record keeping. You want to make maximum use of the new computer in your audit of Data Corporation. Which of the following audit techniques could not be performed through a computer program?
A. Selecting accounts to be confirmed on a random basis. B. Examining sales invoices for completeness, consistency between different items, valid conditions, and reasonable amounts. C. Resolving differences reported by customers on confirmation requests. D. Tracing audited cash receipts to accounts receivable credits.
Claire has low organizational commitment. She is likely to display ______.
A. increased satisfaction B. increased motivation C. increased absenteeism D. increased performance
An ad hoc sales discount is
a. an allowance for an inferior quality of marketed goods. b. a discount that an ad hoc committee must decide on. c. brought about by competitive pressures. d. none of the above.
Which of the following is not a benefit of activity-based costing (ABC)?
A) Increased product cost information B) Increased accuracy in the budgeting process C) Increased implementation costs D) Increased understanding of activities that drive overhead costs