Which of the following groups is responsible for conducting fraud risk assessment for an organization?
A. The Internal Audit group.
B. The Audit Committee.
C. Management.
D. The External Auditor.
Answer: C
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The Safety Committee, a temporary team at the Annapolis Tool & Die Corporation, was established to make the factory floor a safer place. Members of the committee still work in their departments full-time, but they meet twice a month for a few hours as a committee. The Safety Committee is an example of a ____ within an organization.
A. vertical design B. modular design C. multipurpose design D. common purpose E. horizontal design
The approach to cost reduction that studies whether components can be redesigned or standardized or made by cheaper methods of production without adversely impacting product performance is termed as ________
A) maintenance, repair, and operating (MRO) B) product value analysis (PVA) C) vendor managed inventories (VMI) D) supplier performance management (SPM) E) supplier added value effort (SAVE)
Which of the following best describes lapping?
a. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of funds b. inflating bank balances by transferring money among different bank accounts c. expensing an asset that has been stolen d. creating a false transaction
Why is the exit stage of socialization important?
a. It affects the anticipatory stage of socialization when the exiting employee starts a new job. b. It affects the quality of the training of an individual’s replacement. c. It determines the post-separation perception of the employer and employee toward one another. d. It can affect the employee’s ability to obtain a good recommendation.