Describe two areas where segregation of duties is important in the expenditure cycle
1 . SEGREGATION OF INVENTORY CONTROL FROM THE WAREHOUSE. Inventory control keeps the detailed records of the asset, while the warehouse (stores) has asset custody. At any point, an auditor should be able to reconcile inventory records to the physical inventory.
2 . SEGREGATION OF ACCOUNTS PAYABLE FROM CASH DISBURSEMENTS. An individual with responsibilities for establishing accounts payable and writing checks in payment of accounts payable could perpetrate a fraud.
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Which customers are generally not studied in trading-area analysis?
a. outshoppers b. mail and telephone order shoppers c. fringe trading-area customers d. parasites
Based on the information in Table 3-2, what is Enigma's cash flow from operations?
A) $75,000 B) $105,000 C) $85,000 D) $100,000
Roberto, the marketing manager of Absola Foods Co., a food processing company, reduces the prices of the firm's line of breakfast cereals in an attempt to increase the number of products sold. However, contrary to Roberto's prediction, sales of the breakfast cereals drop, and upon further investigation, Roberto discovers that the company's target consumers are buying more expensive competitor brands instead of Absola food products. Which of the following could be a possible explanation for this?
A. The company didn't cut the prices low enough. B. Most of the consumers were repeat customers. C. Most of the customers were bargain seekers. D. The consumers perceived the higher priced products as having better quality. E. Customers that went to the competition were price sensitive.
Media costs are often lower for a social media marketing campaign compared traditional ad programs (that include television and/or print media). However, it has been said that ‘Social media trades media costs for ______ costs.” Which of the following completes the statement?
a. Development. b. Creative. c. Labor. d. Agency. e. None of these