Management would not use the statement of cash flows to
A) assess the liquidity of the business.
B) determine dividend policy.
C) evaluate the effects of major policy decisions involving investments and financing.
D) determine the financial position of the company.
D
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Which of the following statements best describes the primary difference between an audit and forensic accounting?
a. An audit has the focused responsibility to detect fraud in the client organization, while forensic accounting sets out to prevent fraud. b. An audit has no responsibility for detecting fraud, while forensic accounting provides an audit specific to material fraud discovery. c. An audit must follow Generally Accepted Auditing Standards, while the forensic accountant is bound to Generally Accepted Fraud Standards. d. An audit utilizes sampling techniques to detect material misstatements, while forensic accounting examines the entire population of fraudulent transactions.
Maria works for Sigma Inc., a firm that helps companies target and promote their products to the right markets. Sigma is most likely a ________
A) financial intermediary B) physical distribution firm C) marketing services agency D) reseller E) wholesaler
Customized service agreements add value to a sale by:
A) allowing salespeople to charge more money for features that are usually free B) requiring salespeople to spend more time with customers C) convincing customers to spend more money on longer terms D) incorporating the customer's special priorities, feelings, and needs E) requiring that customers trust salespeople to keep their verbal promises
The ________ Act makes it a crime in the United States to engage in stealth of a trade secret.
A. Sarbanes-Oxley B. Patriot C. Economic Espionage D. Glass-Steagall