Which of the following is TRUE of the internal control component—information system?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor
the controls to ensure that the accounting records are accurate.
B) Control procedures are designed to ensure that the business's goals are achieved.
C) Only authorized users have access to various parts of the information system.
D) The information system is the "tone at the top" or the culture of the business.
C) Only authorized users have access to various parts of the information system.
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Generally, remedies under "lemon laws" include:
A. offering extra credit benefits for the purchase of a new product from the same manufacturer. B. return of the purchase price or a new product. C. provision of warranty regarding repairing of defects. D. suing for injunctive relief or the seizure of products to enforce various provisions of the law.
Unlike the common law of contracts, under the Uniform Computer Information Transactions
Act, a licensor has the right to cure a breach of contract in all circumstances. Indicate whether the statement is true or false
The largest share of total investment in mutual funds is in
A) stock funds. B) hybrid funds. C) bond funds. D) money market funds.
Kinsi Corporation manufactures five different products. All five of these products must pass through a stamping machine in its fabrication department. This machine is Kinsi's constrained resource. Kinsi would make the most profit if it produces the product that:
A. uses the least amount of stamping time. B. generates the highest contribution margin ratio. C. generates the highest contribution margin per stamping machine hour. D. generates the highest contribution margin per unit.