Segregation of duties is a control activity that is designed to protect against the risk that an individual could both perpetrate and cover up a fraud
a. True
b. False
Indicate whether the statement is true or false
True
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What is the primary reason negotiators do not pursue integrative agreements?
What will be an ideal response?
The Gen Xers are increasingly displacing the lifestyles, culture, and values of the baby boomers
Indicate whether the statement is true or false
A firm makes two products, Y and Z. Each unit of Y costs $10 and sells for $40. Each unit of Z costs $5 and sells for $25. If the firm's goal were to maximize profit, what would be the appropriate objective function?
A) Maximize profit = $40Y = $25Z B) Maximize profit = $40Y + $25Z C) Maximize profit = $30Y + $20Z D) Maximize profit = 0.25Y + 0.20Z E) Maximize profit = $50(Y + Z)
What is the average inventory if they order at their EOKrewe quantity?
The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes that they should be good stewards of what they have, so they seek to manage this inventory using the EOQ policy, although they prefer to refer to it as an EOKrewe policy for obvious reasons. Swizzle sticks are not expensive items, they cost a nickel apiece largely due to the club logo printed on each one. This also serves to increase the lead time as they can't be obtained from a standard restaurant supply house. Instead, they must be ordered with an eye towards the six day lead time. It costs $15 to place an order, most of this cost is a result of explaining the meaning of "Laissez les bons temps rouler" and why it should be printed on the edge of each swizzle stick. Holding cost is 20% of purchase price. A) 41892 B) 20946 C) 18374 D) 9187