Katz received an unordered credit card from the Rand Department Store. The card was stolen by Cooper, who charged purchases of $300 at the store. Is Katz liable for these purchase?
No. The law prohibits sending a credit card to someone who has not asked for it. If the card is lost or stolen, the consumer is not liable.
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Which of the following is not a critical component of attestation services?
a. Information or process (the subject matter) on which the assurance service is provided. b. Criteria for evaluation, such as compliance with regulations. c. Sufficient appropriate evidence. d. Two parties involved, the practitioner (or the CPA) and the intended users of the report.
Which type of organizational structure groups employees by products and services, by geographic regions, or by customers?
A. divisional B. simple C. matrix D. functional
Principles of internal control include all of the following except:
A. Apply technological controls. B. Maintaining security by having one person track and record assets. C. Separate recordkeeping from custody of assets. D. Perform regular and independent reviews. E. Divide responsibilities for related transactions.
Using independent sales agents is referred to as ________.
A. transferring sales agents B. using the company sales force C. inbounding the sales force D. outsourcing the sales force E. out bounding the sales force