For good internal control, there should be a(n) ______________________________ between personnel data creation/modification, payroll preparation, and disbursement of the checks
Fill in the blank(s) with correct word
segregation of duties
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The Insider Trading and Securities Fraud Enforcement Act created substantial civil penalties but no criminal penalties for those committing insider-trading violations.
Answer the following statement true (T) or false (F)
The understatement of the ending inventory balance causes:
A. Cost of goods sold to be overstated and net income to be overstated. B. Cost of goods sold to be understated and net income to be understated. C. Cost of goods sold to be understated and net income to be overstated. D. Cost of goods sold to be overstated and net income to be correct. E. Cost of goods sold to be overstated and net income to be understated.
On which of the following is personal or referent power not usually based?
a. an individual’s accomplishments b. an individual’s formal place in the organization’s hierarchy c. personal characteristics that others tend to see as favorable d. behaviors that others want to emulate
Which of the following is true with regard to primary firms, first-tier suppliers, and second-tier suppliers?
a. A first-tier supplier is the primary firm to a second-tier supplier. b. A second-tier supplier is the primary firm to a first-tier supplier. c. Second-tier suppliers are not as important as first-tier suppliers. d. To a primary firm, a first-tier supplier supplies finished goods and a second-tier supplier supplies raw materials.