Advances in computers, including the Internet and network computing, are examples of _____ drivers contributing to the globalization of business operations.
Fill in the blank(s) with the appropriate word(s).
technological
Advances in computers and communications technology are permitting an increased flow of ideas and information across borders, enabling customers to learn about foreign goods. Cable and satellite TV systems in Europe and Asia, for example, allow an advertiser to reach numerous countries simultaneously, thus creating regional and sometimes global demand. Global communications networks enable manufacturing workers to coordinate production and design functions worldwide so that plants in many parts of the world may be working on the same product. The Internet and network computing enable small companies to compete globally because they make possible the rapid flow of information regardless of the physical location of the buyer and seller. These illustrate technological drivers for globalization.
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The accounting equation must balance after each transaction
a. True b. False Indicate whether the statement is true or false
This question has two parts; be sure to answer both. First, how is training different from development? Next, assume that you are the HR director of a company that performs statistical analyses for sports teams. Your employees are mostly accountants, statisticians, and actuaries who use sophisticated data-collection and data-analysis software to help teams make key decisions regarding players and strategies. You bring in an account rep from StatSoft, an extremely expensive statistical software package, to train your staff on how to become "power uses" of StatSoft. Are you providing training or development to your employees?
What will be an ideal response?
According to the Sarbanes-Oxley Act, which of the following services may an auditor perform without impairing their independence?
a. Actuarial services. b. Appraisal services. c. Internal audit services. d. Tax Services
Shankar purchased a new car from Friendly Fred's Autos. Fred indorsed the check to Maya for value. Maya presented the check to the bank, and the bank cashed the check. Later, Shankar attempted to place a stop-payment order on the check, because the car he purchased from Fred was defective. Under these circumstances, ________.
A. the bank is liable to Shankar for paying the amount of the check to Maya B. Shankar would not be able to have his account recredited C. Shankar can prove that he has sustained a loss D. Maya must return the funds to the bank