Which of the following activities would be the least practical for a fraud examiner?
a. gaining an understanding of the tools and methods perpetrators use in e-business fraud
b. gaining a working knowledge of computer networking systems
c. learning the strengths and weaknesses of Windows
d. getting to know each company employee's interactions with the systems
d
FEEDBACK: a. Incorrect, this is very useful and necessary.
b. Incorrect, this knowledge is very useful and necessary.
c. Incorrect, this knowledge is very useful due to the fact that the Windows system is so widely used in business.
d. Correct, to accomplish this in a business of any size would be too time-consuming.
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If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase
a. True b. False Indicate whether the statement is true or false
If an expense has been incurred but not yet recorded, then the end-of-period adjusting entry would involve
a. a liability account and an asset account. b. a liability account and a revenue account. c. a liability and an expense account. d. a receivable account and a revenue account.
Rivals would find it difficult to challenge Atlas Door in the short run because of
A. high threat of substitution. B. strong customer loyalty. C. low buyer switching costs. D. low barriers to entry.
What style and component characteristics are appropriate in formal reports?