With security of data, information and systems being a top priority, companies are becoming reluctant to give tours of service desks to customers, visitors from other companies, and remote employees who are in the office for a meeting or training.
Answer the following statement true (T) or false (F)
False
You might also like to view...
According to the text, why is the accounts receivable turnover ratio widely used in analyzing revenue-related fraud?
a. Significant amounts of fictitious revenues and receivables will almost always affect this ratio except in rare cases. b. Adding fictitious receivables will generally decrease the number of days it takes to collect receivables. c. If the ratio generally exceeds 1, recording fictitious sales will significantly increase the ratio, making it easy to spot fraud. d. Since the ratio should ideally equal to 1, any deviation from this number is easy to detect.
Comparing firms using a common-size balance sheet rests on the assumption that
a. the size or scale of a business does not affect the relation between a given balance sheet item and total assets. b. the size or scale of a business does affect the relation between a given balance sheet item and total assets. c. the large purchaser can negotiate better terms, including lower per-unit prices. d. more negotiating power would appear on the large purchaser's balance sheet as proportionately smaller amounts reported for inventory relative to the amounts reported by a smaller purchaser with less negotiating power. e. more negotiating power would appear on the large purchaser's balance sheet as proportionately larger amounts reported for accounts payable relative to the amounts reported by a smaller purchaser with less negotiating power.
A prediction that provides managers with an estimate of future revenue to be received and the units to be sold, but also serves as the basis for planning in the other functional areas, is a
A. strategic plan. B. budget. C. sales forecast. D. marketing plan. E. contingency plan.
Which of the following best describes a merger?
A) Two corporations are combined to form a new third corporation, and the original two corporations cease to exist B) One corporation sells substantially all of its assets to a second corporation, with both corporations retaining their separate legal existence C) Two corporations jointly purchase a third corporation and operate it as a joint venture D) Two corporations are combined, with one of the original corporations surviving and the other ceasing to exist E) One corporation acquires all of the shares of a second corporation, with both corporations retaining their separate legal existence, the second a subsidiary of the first