Which of the following statements about managing data is true?
A) Reconciling inconsistent data can require a significant amount of time and money.
B) Potential costs incurred by organizations for data loss are minimal.
C) Today's tools eliminate the need for data management positions.
D) There are no consequences associated with noncompliance of a law due to poor data management.
A
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The two major examples of unowned property that can be acquired by possession are wildlife and mislaid property.
Answer the following statement true (T) or false (F)
As a part of central office control, supervisors should keep a record of hours worked and expenses
Indicate whether the statement is true or false
A contingency was evaluated at year-end. Management felt it was probable that this would become an actual liability and the amount could be reasonably estimated. If this was not reported on the balance sheet or in the notes to the financial statements, what is the effect on the financial reporting of the company?
A) There would be no effect. B) The liabilities on the balance sheet would be understated. C) The information about the transaction would be inadequately disclosed in the notes. D) The net income of the company would be understated.
What is the first question to ask when a firm is planning a cause-related event?
A) What will it cost to use a third-party event planner ? B) What charities are the competitors supporting? C) How can employees and connectors strategically work together? D) Does the charitable cause align with the firm's position? E) Does the firm have the resources to self-produce the event?