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Which of the following statements pertaining to a market skimming pricing strategy is not true?
Which of the following statements pertaining to a market skimming pricing strategy is not true?A . The strategy is favored when unit costs fall with the increase in units produced.B . The strategy is favored when buyers are relatively insensitive to price increases.C . The strategy is favored when there...
Which of the following controls would be least effective in detecting any potential fraudulent activity?
An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud. Which of the following controls would be least effective in detecting any potential fraudulent activity?A . Exception report identifying payment anomalies.B . Documented policy and procedures.C . Periodic account reconciliation of contractor charges.D ....
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 ....
Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?
Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?A . We are a people-and-goods mover.B . We supply energy.C . We make movies.D . We provide climate control in the home.View AnswerAnswer: C
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
In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?
In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?A . The underlying causes of the risk.B . The impact of the risk on the organization's objectives.C . The risk levels of current and future events.D . The...
Which of the following are the most appropriate measures for evaluating the change in an organization's liquidity position?
Which of the following are the most appropriate measures for evaluating the change in an organization's liquidity position?A . Times interest earned, return on assets, and inventory turnover.B . Accounts receivable turnover, inventory turnover in days, and the current ratio.C . Accounts receivable turnover, return on assets, and the current...
Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?
Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?A . Intranet.B . Extranet.C . Digital subscriber line.D . Broadband.View AnswerAnswer: B
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?A . It uses the same products in all countries.B . It centralizes control with little decision-making authority given to the local level.C . It is an effective strategy when large differences exist between countries.D...
Multinational organizations generally spend more time and effort to identify and evaluate:
Multinational organizations generally spend more time and effort to identify and evaluate:A . Internal strengths and weaknesses.B . Break-even points.C . External trends and events.D . Internal risk factors.View AnswerAnswer: C
