Which of the following is not a primary objective of internal control as established by COSO?
A. Efficiency and effectiveness of operations.
B. Reliable financial reporting.
C. Effective purchasing systems.
D. Compliance with laws and regulations.
Answer: C
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To qualify as "cash equivalents," the investment must be
a. readily convertible to a known amount of cash. b. convertible to cash within a one-year period of time. c. convertible to cash without a significant loss of value. d. convertible to cash within a five-year period of time.
Which of the following would most likely lead to a company initiating a price increase?
A) weakened economy B) possession of outdated merchandise C) excess capacity D) over-demand E) possession of defective merchandise
What is the average lateness of these seven jobs if they are scheduled using the earliest due date criterion?
Job Process Time Due Date Job 1 15 23 Job 2 7 15 Job 3 12 34 Job 4 8 16 Job 5 11 27 Job 6 10 19 Job 7 13 28 A) 19.2 B) 18.7 C) 17.8 D) 16.5
The use of a freight forwarder that consolidates shipments from several organizations into efficient lot sizes usually increases transit time and sometimes raises shipping costs.
Answer the following statement true (T) or false (F)