When auditors do not rely on a detailed knowledge of the application's internal logic, they are performing

a. black box tests of program controls
b. white box tests of program controls
c. substantive testing
d. intuitive testing


A

Business

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Tracy, a manager at a busy warehouse, was slow to hire new employees, preferring instead to encourage improvements from his current staff. He carefully watched his other costs too, performing equipment maintenance on a regular basis to improve its lifespan. Tracy would best be described as a(n) _____ manager. 

A. efficient B. ethical C. innovative D. effective E. micro

Business

Canyon Booksellers received a check from Durango Books for $4,312 in payment of invoice no. 106, less cash discount of $88 . The invoice was recorded on August 6 for $4,400 . Canyon Booksellers would record a

a. debit to cash, $4,400 . b. credit to Accounts Receivable, Durango Books, $4,312. c. credit to Sales Discounts, $88. d. debit to cash, $4,312.

Business

A __________________________ fraud affects a large number of victims but the harm to each appears to be very small

Fill in the blank(s) with correct word

Business

Entities are

a. nouns that are depicted by rectangles on an entity relationship diagram b. data that describe the characteristics of properties of resources c. associations among elements d. sets of data needed to make a decision

Business