Name four input controls and describe what they test.
What will be an ideal response?
1. Numeric-alphabetic checks look for the correct type of character content in a field, either numbers or letters.2. Limit checks verify that values are within preset limits.3. Range checks verify that values fall within an acceptable range.4. Reasonableness check determines if a value in one field, which has already passed a limit check and a range check, is reasonable when considered along with data in other fields of the record.
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Audit objectives in the electronic data interchange (EDI) environment include all of the following except
a. all EDI transactions are authorized b. unauthorized trading partners cannot gain access to database records c. a complete audit trail of EDI transactions is maintained d. backup procedures are in place and functioning properly
Assume that investors have recently become more risk averse, so the market risk premium has increased. Also, assume that the risk-free rate and expected inflation have not changed. Which of the following is most likely to occur?
A. The required rate of return will decline for stocks whose betas are less than 1.0. B. The required rate of return on the market, rM, will not change as a result of these changes. C. The required rate of return for each individual stock in the market will increase by an amount equal to the increase in the market risk D. The required rate of return on a riskless bond will decline. E. The required rate of return for an average stock will increase by an amount equal to the increase in the market risk premium.
The first basic component of SCM is ____________________. This is the strategic planning portion.
Fill in the blank(s) with the appropriate word(s).
All sales have an implied warranty under the Uniform Commercial Code.
Answer the following statement true (T) or false (F)