In upward feedback, managers' behaviors or skills are evaluated by ________.
A. external customers
B. their peers
C. their subordinates
D. b and c
Answer: C
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The concept of reasonable assurance suggests that
a. the cost of an internal control should be less than the benefit it provides b. a well-designed system of internal controls will detect all fraudulent activity c. the objectives achieved by an internal control system vary depending on the data processing method d. the effectiveness of internal controls is a function of the industry environment
The reason for a company’s existence is called its ______.
a. vision b. mission c. center d. inspiration
The ________ was established to replace GATT in 1995 and now oversees the original GATT provisions
A) WTO B) EU C) NAFTA D) CAFTA E) NATO
In the ________ stage of the retail life cycle, the retailer often is an aggressive entrepreneur who takes a unique approach to doing business by creating a differential advantage, such as competing on the basis of low price, offering a distinctive
assortment, or using a different way to distribute products. A) expansion B) introduction C) extension D) maturity E) growth