Cycle counting uses which of the following methods?
A) location audit method
B) zone method
C) ABC method
D) A and B only
E) all of the above
E
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Which relationship might suggest a heightened risk of fraud in the acquisition and payment cycle?
a. Unexpected increases in the number of suppliers. b. A reduction in raw material costs. c. Maturing capital assets with no plan for replacement. d. Sales expenses growing in proportion to sales revenue.
All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct. b. Ratios can tell whether future sales growth was accurately captured. c. Ratios cannot tell whether assumptions about future cash flows are realistic. d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
W. Edwards Deming suggested that slogans and targets for the workforce ______.
A. create collaborative relationships B. are not likely to be productive C. will increase worker morale D. will increase worker motivation
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