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The economic order quantity for inventory is higher for an organization that has:
The economic order quantity for inventory is higher for an organization that has:A . Lower annual unit sales.B . Higher fixed inventory ordering costs.C . Higher annual carrying costs as a percentage of inventory value.D . A higher purchase price per unit of inventory.View AnswerAnswer: B
It can lead to cultural myopia.
It can lead to cultural myopia.A . 1 and 4 onlyB . 2 and 3 onlyC . 1, 2, and 3 onlyD . 1, 2, and 4 onlyView AnswerAnswer: D
If fixed costs are $350,000, what is the projected total contribution margin?
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?A . $350,000B . $500,000C . $850,000D . $1,200,000View AnswerAnswer: B
The economic order quantity for inventory is higher for an organization that has:
The economic order quantity for inventory is higher for an organization that has:A . Lower annual unit sales.B . Higher fixed inventory ordering costs.C . Higher annual carrying costs as a percentage of inventory value.D . A higher purchase price per unit of inventory.View AnswerAnswer: B
According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:
According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:A . Recognize that organizations use different techniques for managing risk.B . Seek assurance that the key objectives of the risk management processes are being met.C . Determine and accept...
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?A . Each party's negotiator presents a menu of options to the other party.B . Each party adopts one initial position from which to start.C . Each negotiator minimizes the information provided to the other party.D . Each...
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:A . Access to read application logs is restricted to authorized users.B . Account balance information is encrypted in the database.C...
The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:
The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:A . There is an external market for that service.B . The selling department operates at 50 percent of its capacity.C . The purchasing department...
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?A . The distorted unit cost of a service is 50 percent lower than the true cost, while the true cost is 50 percent higher than the competition's cost.B...
Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?
Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?A . Submit batches of test transactions through the current system and verify with expected results.B . Use a test program to simulate the normal data entering process.C . Select a...
