Which of the following benefits is a federally administered program?
A. Occupational Safety and Health Act
B. Job security
C. Social Security
D. Workers' compensation
Answer: C
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Which training method involves representing a real-life situation with trainees making decisions resulting in outcomes that mirror what would happen on the job?
A. apprenticeship B. simulation C. cross-training D. action learning E. internship
Control risk is
a. the probability that the auditor will render an unqualified opinion on financial statements that are materially misstated b. associated with the unique characteristics of the business or industry of the client c. the likelihood that the control structure is flawed because controls are either absent or inadequate to prevent or detect errors in the accounts d. the risk that auditors are willing to take that errors not detected or prevented by the control structure will also not be detected by the auditor
Which of the following managers is likely to have the most diverse responsibilities?
A) the manager of a cost center B) the manager of a profit center C) the manager of an investment center D) the manager of a revenue center
For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets
Indicate whether the statement is true or false