A bank reconciliation should be prepared periodically because
A) the company's records and the bank's records are in agreement
B) the bank has not recorded all of its transactions
C) any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected
D) the bank must make sure that its records are correct
C
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Which of the following is one of the challenges to creating a customer database?
A) reluctant to share personal information B) lack of availability of appropriate software to store customer data C) expansion in the number of possible "touchpoints" D) stringent laws against creating customer database
Most companies implementing an REA model also maintain a traditional general ledger system for financial reporting
Indicate whether the statement is true or false
Which of the following is an approach to third-party negligence actions?
A. Strict privity approach B. Reasonable person approach C. Near privity approach D. No delegation approach
In personality tests, which of the following factors is the strongest predictor of ethical behavior?
a. conscientiousness b. agreeableness c. emotional stability d. extraversion