The controller at Business Services Consulting needs new computers for the accounting department. However, there are no guidelines specifying whether the controller can approve purchases of office equipment. Which internal control procedure needs strengthening?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
A) assignment of responsibilities
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Health Food Inc. coordinates the purchase, sale, and delivery of organic products. The stated corporate purpose is to make a profit and to have a material positive impact on society and the environment. Health Food is
A. a nonprofit corporation. B. not a corporation. C. a benefit corporation. D. a private corporation.
As an operational component of channel performance, operating efficiency refers to ________
A) cost to serve B) volume C) customer reach D) return on sales E) retention
The adjustment necessary to convert cash-basis payments for other operating costs to accrual-basis operating expenses requires the addition of ending prepaid expenses to the beginning prepaid expenses, subtracting the beginning accrued expenses from this amount, and finally adding the ending accrued expenses
Indicate whether the statement is true or false
Compared to other motivation theories, ______ holds up fairly well cross-culturally because it is flexible.
a. expectancy theory b. ERG theory c. two-factor theory d. acquired needs theory