Res ipsa loquitur means "the thing has imposed harm."
a. True
b. False
Indicate whether the statement is true or false
True
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Presented below is the operating activities section of the statement of cash flows for Golden Consulting for 2016: Operating activities: Net income $ 92,000 Add: Depreciation 20,000 Decrease in accounts receivable 8,000 $120,000 Deduct: Decrease in accounts payable (6,000) Net cash inflow from operating activities $114,000 Which method of preparing the operating activities section has Golden
Consulting used? a. The direct method. b. The indirect method. c. Either method. d. Cannot be determined without further information.
In recent years, organizations have implemented a number of initiatives to more proactively detect fraud. The first and most common proactive fraud detection approach has been to:
a. install reporting hotlines. b. conduct undercover operations. c. install surveilance cameras. d. collect physical evidence.
The most effective means of presenting standard factory overhead cost variance data is through a factory overhead cost budget
Indicate whether the statement is true or false
A large consulting firm is deciding on if its workforce should be expanded, maintained, or decreased
Suppose that demand is given in week-long projects, and that a consultant can work on 3 projects each month (1 week off for personal leave and/or other duties such as conferences, etc). Currently there are 25 consultants. Ten consultants are trained for LEAN and 15 for Six Sigma, with 5 of those consultants being overlaps (the consultant is trained for BOTH LEAN and Six Sigma). Assume that all consultants can do the general work. Complete the table (the forecast period is an upcoming month) and prepare a recommendation. Category Best Forecast (# projects) Likely Forecast (# projects) Worst Forecast (# projects) Max Demand in # of people Number of Qualified People LEAN 42 24 12 Six Sigma 45 36 30 General 75 60 57