A company's cash receipts procedures include the following. Cashiers collect cash and issue a receipt at the point of sale. Supervisors take custody of the cash at the end of each cashier's shift and deposit it in the bank. Accounting staff then ensure the receipts from cash sales are properly recorded in the accounting system. Which internal control principle is most evident with these procedures?
A. Independently verify
B. Document procedures
C. Restrict access
D. Segregate duties
Answer: D
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Consider a value-weighted market index that includes the two companies shown in the table. You form a portfolio to mimic the index on Day 1. The mimic portfolio is designed to earn the same return as the index
What is the portfolio weight for Company 1? Company 1 Company 1 Company 2 Company 2 Day Price # of Shares Price # of Shares 1 $6.62 200 $10.00 750 2 $7.24 200 $10.54 750 A) 15% B) 16% C) 17% D) 18% E) 19%
The NE-1/4 of the NW-1/4 and the SE-1/4 and SW-1/4 have how many acres?
A) 40 B) 80 C) 160 D) 200
The U.S. Department of Commerce publishes a handbook that outlines the important steps entrepreneurs must go through to become a global business.
Answer the following statement true (T) or false (F)
Which of the following statements is true of a competitive advantage based on product/service differentiation?
a. It is relatively longer lasting than cost competitive advantages. b. It serves only a limited geographic market that is not crucial to other competitors. c. It can be achieved by increasing production costs. d. It is the only viable option for small companies with limited resources.