Which of the following creates opportunities for fraud?
a. Requirement to change passwords on a regular basis
b. Inability to judge quality of performance
c. Controls that prevent or detect fraud
d. Segregation of duties
b
FEEDBACK: a. Incorrect. This is a deterrent to fraudulent behavior.
b. Correct.
c. Incorrect. This is a deterrent to fraudulent behavior.
d. Incorrect. This is a deterrent to fraudulent behavior.
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An order or other offer requiring prompt or current shipment is accepted if the seller ships
nonconforming goods. Indicate whether the statement is true or false
Atkins Auto, a dealer of automobiles, sends direct-mail pieces to its prospective customers, inviting them to visit its auto showroom to test-drive new cars. Customers who respond to the direct mail by visiting the showroom are provided with thorough information about the cars. Salespersons of the company receive extensive training and assume responsibility for the selling efforts in the showroom. This is an example of combining direct marketing with
A. personal selling. B. advertising. C. support media. D. sales promotions. E. public relations.
What are the 1-bit and 2-bit processing functions performed by gates?
During May of the current year, Grant Park Refinery sold, on credit, 1,200,000 gallons of motor fuel at $1.89 each plus Georgia sales tax of 6%. Included in the price per gallon was a $0.42 federal excise tax. All taxes collected are paid to the appropriate taxing authority at the end of the quarter. ? Prepare the appropriate journal entries on May 31 and June 30.
What will be an ideal response?