An auditor generally tests physical security controls over inventory by:
A. review and observation.
B. examination and reconciliation.
C. test counts and cutoff procedures.
D. inspection and recomputation.
Answer: A
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As a result of the digital revolution, a variety of companies in all parts of the world are developing a new generation of products, services, and technologies; which include all of the following except:
A) broadband network. B) mobile commerce. C) wireless connectivity. D) smart cell phones. E) landline connectivity.
Which of the following refers to the course that a product's sales and profits take over its lifetime?
A) total product process B) service life C) product mix D) product life cycle E) marketing mix
For which product would a company use an exclusive distribution strategy?
A) luxury cars B) newspapers C) chewing gum D) dairy products E) soft drinks
The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.): Year 1 Year 2 Year 3 Year 4 Year 5 Investment$32,000 $12,000 Cash inflow$8,000 $8,000 $20,000 $16,000 $16,000 Cash inflows occur evenly throughout the year. The payback period for this investment is:
A. 4.0 years B. 3.0 years C. 3.5 years D. 4.5 years