The major distinction between primary and secondary data is that secondary data _____
a. are less costly
b. have been previously gathered for other purposes
c. have been generated by commercial research houses
d. are conducted at fixed time periods
b
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An entity erroneously recorded a large purchase twice. Which of the following internal controls would be most likely to detect this error in a timely and efficient manner?
A. Footing the purchases journal. B. Sending written quarterly confirmations to all vendors. C. Reconciling vendors' monthly statements with subsidiary payable ledger accounts. D. Tracing totals from the purchases journal to the ledger accounts.
Some investing and financing transactions do not involve cash and therefore
a. appear on the statement of cash flows under operating, investing or financing activities, as appropriate. b. appear on the statement of cash flows under operating activities. c. appear on the statement of cash flows under operating or financing activities, as appropriate. d. appear on the statement of cash flows under investing or financing activities, as appropriate. e. do not appear on the statement of cash flows.
E-commerce is not subject to the Commerce Clause of the Constitution as most businesses that conduct e-commerce over the Internet do not have any physical location
Indicate whether the statement is true or false
Gwen is very resourceful and she always knows how to handle the unforeseen. She is ______.
a. an efficiency expert b. high on the self-efficacy scale c. low on the self-efficacy scale d. an event planner