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Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?
Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?A . The cost of goods sold for the period will be understated.B . The cost of goods sold for the period will be overstated.C ....
In the screening process, which of the following traits would be required to make a manager a successful expatriate?
A global business organization is selecting managers to post to various international (expatriate) assignments. In the screening process, which of the following traits would be required to make a manager a successful expatriate? 1) Superior technical competence. 2) Willingness to attempt to communicate in a foreign language. 3) Ability to...
A company's financial balance sheet is presented below:
A company's financial balance sheet is presented below: The company has net working capital of:A . $160B . $210C . $350D . $490View AnswerAnswer: B
Which control activity should not be part of this review?
An internal auditor is reviewing physical and environmental controls for an IT organization . Which control activity should not be part of this review?A . Develop and test the organization's disaster recovery plan.B . Install and test fire detection and suppression equipment.C . Restrict access to tangible IT resources.D ....
Which of the following statements is true regarding the relationship between an individual’s average tax rate and marginal tax rate?
Which of the following statements is true regarding the relationship between an individual’s average tax rate and marginal tax rate?A . In a regressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.B . In a regressive personal tax system, an individual's marginal...
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:A . Adequate segregation of...
Which of the following techniques would be least effective in resolving the conflict created by an internal audit client's perception of the audit report as a personal attack on his management performance?
Which of the following techniques would be least effective in resolving the conflict created by an internal audit client's perception of the audit report as a personal attack on his management performance?A . The auditor should focus on the audit client as a person and understand him, rather than just...
Which of the following is a characteristic of an emerging industry?
Which of the following is a characteristic of an emerging industry?A . Established strategy of players.B . Low number of new firms.C . High unit costs.D . Technical expertise.View AnswerAnswer: C
Which of the following is the most appropriate test to assess the privacy risks associated with an organization's workstations?
Which of the following is the most appropriate test to assess the privacy risks associated with an organization's workstations?A . Penetration test.B . Social engineering test.C . Vulnerability test.D . Physical control test.View AnswerAnswer: D
For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy?
For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy? 1) It significantly raises compensation and staffing costs. 2) It produces resentment among the organization's employees in host countries. 3) It limits career mobility for parent-country nationals. 4) It can lead to cultural myopia.A...
