Which of the following is included in the internal control procedure—documents?
A) Mandatory vacations will improve internal control.
B) Separate the custody of assets from accounting.
C) The invoices and orders must be pre-numbered.
D) A company should purchase a fireproof vault to protect legal documents.
C) The invoices and orders must be pre-numbered.
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How do improperly structured incentives lead to a lack of coordination in the supply chain?
What will be an ideal response?
Which of the following statements is (are) true concerning the automatic premium loan provision?
I. Unlike other policy loans, interest is not charged on automatic premium loans. II. The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing. A) I only B) II only C) both I and II D) neither I nor II
Without authorization, Rolf contracts on behalf of Sari to have Tige paint the interior and exterior of Sari's house. Sari ratifies the contract. Later, Sari tries to rescind the part of the contract relating to the exterior. This attempt will be
A. partly successful. B. partly unsuccessful. C. totally successful. D. totally unsuccessful.
Jan is a veteran HR manager and she still prefers to solicit applications through newspaper advertisements. Her argument is that she will get better candidates. Is she correct?
Answer the following statement true (T) or false (F)