______________________________ in an internal control system means assessment by management to determine whether the control plans in place are continuing to function appropriately over time.
Fill in the blank(s) with the appropriate word(s).
Monitoring
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Organizations will not invest in making a product or providing a service unless it will provide a minimum return
Indicate whether the statement is true or false
When conducting selection interviews, Alisa likes to ask questions like “Tell me about a time you missed a deadline. Why did you miss it and what did you do?” Alisa is asking _______ questions.
A. structured B. hypothetical C. probing D. behavioral-descriptive E. traditional
Write an equation for each item provided:Contribution margin per unit = ________Break-even in units = ________Break-even in dollars = ________Units required to achieve desired profit = ________Dollars required to achieve desired profit =________Margin of safety ratio =________
What will be an ideal response?
Best Deals, Inc. has 13 units in ending merchandise inventory on December 31. The units were purchased in November for $155 each. The price lists from suppliers indicate the current replacement cost of the item to be $161 each What would be the amount reported as Merchandise Inventory on the balance sheet?
A) $2,015 B) $4,108 C) $316 D) $2,093