The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is:
A. Managerial accounting model.
B. Continuous improvement model.
C. Lean business model.
D. Just-in-time manufacturing model.
E. Corporate social responsibility model.
Answer: C
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An advantage of using systems flowcharts to document information about internal control instead of using internal control questionnaires is that systems flowcharts:
A. indicate whether controls are operating effectively. B. reduce the need to observe the entity's employees performing routine tasks. C. identify whether segregation of duties prevent collusion. D. provide a visual depiction of the entity's activities.
Chester Company has established internal control policies and procedures in order to achieve the following objectives:1) Effective evaluation of management performance. 2) Assure that the accounting records contain reliable information. 3) Safeguard the company's assets. 4) Assure that employees comply with company policy. Which of these objectives are achieved by accounting controls?
A. All four objectives B. Objectives 3 and 4 C. Objectives 2 and 3 D. Objectives 1 and 2
Which of the following is not a characteristic of e-teams?
A. Most of the interactions among members of e-teams occur through electronic communication channels. B. E-teams generally perform simple tasks. C. E-team members either work in geographically separated workplaces or may work in the same space but at different times. D. E-teams may have members working in different spaces and time zones.
A survey of the extent of ethical problems revealed that lying is
A. a minor problem B. much more frequent among younger than older workers C. much more frequent among older than younger workers D. a frequently observed unethical behavior