Which of the following is the best reason why an auditor should consider observing an entity's distribution of regular payroll checks?
A. Total payroll costs are a significant part of total operating costs.
B. To ensure that names on the company payroll are those of bona fide employees presently on the job.
C. The auditor did not observe the distribution of the entire regular payroll during the audit in the prior year.
D. Employee turnover is excessive.
Answer: B
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The lag that arises because it takes time for policymakers to choose a course of action is referred to as the ____ lag.
A. implementation B. recognition C. effectiveness D. decision
Recent psychological research suggests which of the following statements is true about coercive power?
A. Coercive power is more effective than other types of power. B. Coercive power is likely to decrease turnover in organizations. C. Coercive power is related to satisfaction and performance. D. Coercive power is less effective than other types of power.
A(n) ________ is a patent granted to protect new and original blueprint of an article of manufacture
A. copyright B. utility patent C. plant patent D. design patent
The entire contract clause in life insurance is designed to:
A) make sure the entire contract (written and oral) influences the interpretation of the contract B) bar any incorporation by reference of any documents not attached to the contract C) require that the policy application be forwarded directly to the beneficiary D) require that any policy illustrations provided by the agent become a part of the contract