A checklist is a valuable supervisory tool to use when developing an orientation program.

Indicate whether the statement is true or false


Answer: True

Business

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Accounts payable confirmations are used to test:

A. both the existence and completeness audit assertions. B. only the completeness audit assertion. C. only the existence audit assertion. D. either existence or completeness, depending upon the response rate.

Business

The major risk exposures associated with the receiving department include all of the following except

a. goods are accepted without a physical count b. there is no inspection for goods damaged in shipment c. inventories are not secured on the receiving dock d. the audit trail is destroyed

Business

As a rule, the key indicators of industry attractiveness, for all the industries represented in a diversified company's business portfolio, should not be measured on such attractiveness factors as

A. emerging opportunities and threats, and the intensity of competition. B. market size and projected growth rate. C. the utility of the products for consumers from all age groups. D. resource requirements and the presence of cross-industry strategic fits. E. seasonal and cyclical factors, industry profitability, and whether an industry has significant social, political, regulatory, and environmental problems.

Business

Answer the following statement(s) true (T) or false (F)

1. Less productive employees who see others getting valued rewards for performance may be convinced to increase their own performance levels in order to get similar rewards. 2. Individual incentives may motivate undesirable employee behaviors. 3. Bonuses are more effective when based on meeting or exceeding a performance goal than when based on a time period. 4. A “differential piece-rate” system provides the employee with a base wage to complete a certain amount of work plus more money for extra pieces produced. 5. Group incentives tend to require less supervision than individual incentives.

Business