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Which of the following professional organizations sets standards for quality and environmental audits?
Which of the following professional organizations sets standards for quality and environmental audits?A . The Committee of Sponsoring Organizations of the Treadway Commission.B . The Board of Environmental, Health, and Safety Auditor Certifications.C . The International Organization of Supreme Audit Institutions.D . The International Standards Organization.View AnswerAnswer: D
All of the following are true with regard to the first-in, first-out inventory valuation method except:
All of the following are true with regard to the first-in, first-out inventory valuation method except:A . It values inventory close to current replacement cost.B . It generates the highest profit when prices are rising.C . It approximates the physical flow of goods.D . It minimizes current-period income taxes.View AnswerAnswer:...
To assess the performance of employees.
To assess the performance of employees.A . 1 and 2 onlyB . 1 and 3 onlyC . 2 and 3 onlyD . 2 and 4 onlyView AnswerAnswer: B
Which of the following costs would be incurred in an inventory stockout?
Which of the following costs would be incurred in an inventory stockout?A . Lost sales, lost customers, and backorder.B . Lost sales, safety stock, and backorder.C . Lost customers, safety stock, and backorder.D . Lost sales, lost customers, and safety stock.View AnswerAnswer: A
Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:
Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:A . Motivation.B . Performance.C . Organizational structure.D . Communication.View AnswerAnswer: D
Which of the following would best prevent unauthorized external changes to an organization's data?
Which of the following would best prevent unauthorized external changes to an organization's data?A . Antivirus software, firewall, data encryption.B . Firewall, data encryption, backup procedures.C . Antivirus software, firewall, backup procedures.D . Antivirus software, data encryption, change logs.View AnswerAnswer: A
What is the closing inventory if the periodic inventory system is used?
During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of $1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?A . $170,000B . $280,000C . $300,000D . $540,000View AnswerAnswer: A
Which of the following costs would be incurred in an inventory stockout?
Which of the following costs would be incurred in an inventory stockout?A . Lost sales, lost customers, and backorder.B . Lost sales, safety stock, and backorder.C . Lost customers, safety stock, and backorder.D . Lost sales, lost customers, and safety stock.View AnswerAnswer: A
Which of the following would not be a typical responsibility for the CAE?
A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the CAE?A . Evaluate the proposed external auditor fee.B . Recommend criteria to be used in the selection process.C . Develop appropriate performance...
Which of the following is the most likely reason an organization may decide to undertake a stock split?
Which of the following is the most likely reason an organization may decide to undertake a stock split?A . To keep stock price constant.B . To keep shareholders' equity constant.C . To increase shareholders' equity.D . To enhance the stock liquidity.View AnswerAnswer: D
