A small organization that does not have enough personnel to adequately segregate duties must rely on alternative controls, commonly called ______________________________.
Fill in the blank(s) with the appropriate word(s).
compensatory controls
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Which of the following is not part of the accounting function?
a. managing the financial information resource of the firm b. capturing and recording transactions in the database c. distributing transaction information to operations personnel d. managing the physical information system of the firm
Which of the following is a scam where perpetrators promise high pay for working on different projects like wooden calendars, paper towel holders, hair clips, or holiday decorations?
a. Product testing b. Mail stuffing c. Craft assembly d. Skimming
Which performance plan is most tied to company objectives?
a. profit sharing b. pensions c. piece rate d. merit pay
A disposal of a used delivery truck is a transaction shown on the statement of cash flows under:
A) investing activities. B) financing activities. C) noncash investing and financing activities. D) operating activities.