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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...
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
Which of the following statements about matrix organizations is false?
Which of the following statements about matrix organizations is false?A . In a matrix organization, conflict between functional and product managers may arise.B . In a matrix organization, staff under dual command is more likely to suffer stress at work.C . Matrix organizations offer the advantage of greater flexibility.D ....
Import quotas that limit the quantities of goods that a domestic subsidiary can buy from its foreign parent company represent which type of barrier to the parent company?
Import quotas that limit the quantities of goods that a domestic subsidiary can buy from its foreign parent company represent which type of barrier to the parent company?A . Political.B . Financial.C . Social.D . Tariff.View AnswerAnswer: A
Which stage of group development is characterized by a decrease in conflict and hostility among group members and an increase in cohesiveness?
Which stage of group development is characterized by a decrease in conflict and hostility among group members and an increase in cohesiveness?A . Forming stage.B . Norming stage.C . Performing stage.D . Storming stage.View AnswerAnswer: B
Technological uncertainty, subsidy, and spin-offs are usually characteristics of:
Technological uncertainty, subsidy, and spin-offs are usually characteristics of:A . Fragmented industries.B . Declining industries.C . Mature industries.D . Emerging industries.View AnswerAnswer: D
The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?
The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?A . Risk acceptance.B . Risk sharing.C . Risk avoidance.D . Risk reduction.View AnswerAnswer: D
Which of the following are appropriate reasons for internal auditors to document processes as part of an audit engagement?
Which of the following are appropriate reasons for internal auditors to document processes as part of an audit engagement? 1) To determine areas of primary concern. 2) To establish a standard format for process mapping. 3) To define areas of responsibility within the organization. 4) To assess the performance of...
Which of the following budgets must be prepared first?
Which of the following budgets must be prepared first?A . Cash budget.B . Production budget.C . Sales budget.D . Selling and administrative expenses budget.View AnswerAnswer: C
Which of the following is the best reason for considering the acquisition of a nondomestic organization?
Which of the following is the best reason for considering the acquisition of a nondomestic organization?A . Relatively fast market entry.B . Improved cash flow of the acquiring organization.C . Increased diversity of corporate culture.D . Opportunity to influence local government policy.View AnswerAnswer: A
