1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Salsk061 [2.6K]
3 years ago
5

A strong internal control system will reduce the amount of substantive testing that must be performed.A ) True B ) False

Business
1 answer:
Doss [256]3 years ago
4 0

Answer:

A) True

Explanation:

The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.

The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.

The financial statements should be relevant, reliable and finalize in all respects.

Therefore, a strong internal system will reduce the quantity of substantive testing required.

You might be interested in
Managers should act in shareholders' interests because shareholders have ___________ priority in receiving their claims.A. TopB.
Cloud [144]

Answer:

Regarding to Claim to income, the correct answer would be C-Bottom

Explanation:

Shareholders can be preferred or common and they have differents claims to income.  Generally, preferred stock will be given preference in assets to common assets in case of company liquidation, nonetheless both will fall behind bondholders if asset distribution happen. If bankruptcy happen, common stock investors will receive any remaining funds after bondholders,  then creditors and preferred stockholders are paid. That's why these investors often receive nothing after a bankruptcy. Preferred stock also has the first right to receive dividends. In general, common stock shareholders will not receive dividends until it is paid out to preferred shareholders, and that happen because they are at the bottom of the pyramid.

3 0
3 years ago
During _____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter
never [62]

Answer: (D) Initiating

Explanation:

The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.

The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.    

 According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.  

 Therefore, Option (D) is correct answer.

5 0
3 years ago
Which one of the following is not positive to say to a customer?
Gennadij [26K]
"What I can do is" because it sounds a little aggressive.
3 0
3 years ago
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the applia
blondinia [14]

Answer:

If the firm is going to need less than 50,000 motors, they should purchase them from the outside vendor.

If the firm is going to use between 50,000 to 59,999 motors, it should use process A.

If the firm expects to use 60,000 or more motors per year, it should use process B.

Explanation:

Process A:

contribution margin per unit = $11 - $7 = $4

break even number of units = $200,000 / $4 = 50,000 units

Process B:

contribution margin per unit = $11 - $8 = $3

break even number of units = $180,000 / $3 = 60,000 units

8 0
3 years ago
Coffee Klatch Party Group, a political organization, files a claim to challenge a Delaware statute that limits the liberty of al
Talja [164]

Answer:

The correct answer is C. This claim is most likely based on the right to substantive due process.

Explanation:

Substantive due process is a means by which the government's ability to interfere with the fundamental rights of individuals is limited. In this case, the fundamental right violated is that of freedom of expression, guaranteed by the First Amendment. Thus, since it is a right with constitutional protection, the government cannot curtail its operation without the due legal process necessary for this purpose.

7 0
3 years ago
Other questions:
  • "Holly, Inc. is a U.S.-based MNC contemplating the acquisition of a Thai firm which will be used to produce computers that will
    15·1 answer
  • . Janet, the manager of HollyOak Systems, is known for her passionate and people-friendly ways. Janet knows all her employees we
    6·1 answer
  • Productivity may best be defined as
    7·2 answers
  • Which set of headings is the most helpful to a business reader who wishes to grasp the main ideas of a report quickly?
    10·1 answer
  • The rhythm of the poem is _____. slow and steady throughout fast and erratic throughout steady at first, then more erratic errat
    15·2 answers
  • Riley Market, Newton Grocers, and Barlow Pantry are grocery stores. During physical inventory, Riley remains fully open, while N
    15·1 answer
  • Suppose the stock of Host Hotels​ & Resorts is currently trading for per share. a. If Host issued a stock​ dividend, what wo
    8·1 answer
  • Cobb Company produces 8,000 parts each year, which are used in the production of one of its products. The unit product cost of a
    6·1 answer
  • Variable manufacturing overhead incurred was $245,000. Fixed manufacturing overhead incurred was $373,000. Actual machine-hours
    6·1 answer
  • dale is a stay-at-home-parent whose typical day consists of getting the kids ready for school, doing the laundry, cooking three
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!