Provider gap 3 would be created when:

A. A CPA's tax client neglected to provide her with any receipts or information about deductible expenses
B. An advertisement promises a full-body massage for $5
C. Employees refund customer's money if they complain about the service they received
D. A fast-food restaurant uses a frequency marketing program
E. Any of the above occurred


Answer: A

Business

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Which of the following is an example of a register-disbursement scheme?

a. A perpetrator who processes transactions as if a customer were returning merchandise, even though there is no actual return. b. A perpetrator uses the expense register to falsely record expenses that are then paid out by the A/P department. c. A perpetrator physically prepares a check from the check register claiming it is a legitimate expense when it is not. d. A perpetrator slowly takes money from the register drawer after making regular sales, showing that a discount was given to a customer on the receipt.

Business

A company made an error in calculating and reporting amortization expense in Year 1. The error was discovered in Year 2. The item should be reported as a prior period adjustment:

A. on the Year 1 income statement. B. accounted for with a cumulative "catch-up" adjustment in Year 2. C. on the Year 2 income statement. D. on the Year 1 statement of retained earnings. E. on the Year 2 statement of retained earnings.

Business

Who are the “promotores”?

a. Champions who promote fair trade b. Bata’s sales force c. Bata’s HR recruiters d. Women entrepreneurs who market the Bata International catalog at homes and offices

Business

The act of helping other people may be generous, yet it will often satisfy an important psychological need of the helper

Indicate whether the statement is true or false.

Business