Agencies may deny access to which of the following types of records?
A) Those related to national defense and specifically authorized to be kept secret
B) Those relating to internal personnel rules
C) Trade secrets
D) All of these.
D
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A cost accounting system uses which of the following inventory systems?
a. periodic system b. perpetual system c. both a periodic and perpetual system d. a hands-on system
The six countries in the Gulf Cooperation Council (GCC) hold about 45% of the world's known oil reserves, but production is only about 18% of world oil output
Indicate whether the statement is true or false
Which of the following terms-of-trade concepts is calculated by dividing the change in a country's export price index by the change in its import price index between two points in time, multiplied by 100 to express the terms of trade in percentages?
a. commodity terms of trade b. marginal rate of transformation c. marginal rate of substitution d. autarky price ratio
The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. The clerk in the accounting department records both purchases and payments of invoices
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control