Betty's job entails detecting problems such as embezzlement, waste, mismanagement, and employee theft at her organization. In this case, Betty is a(n) _____.
A) management consultant
B) government accountant
C) internal auditor
D) certified public accountant
Question 2 - All of the following are disadvantages of corporations except
A) perpetual life.
B) double taxation.
C) lack of secrecy.
D) expensive formation.
E) heavy government regulation.
Question 3 - Walmart takes its net sales and subtracts the cost of goods sold during the previous period. The result is Walmart's
A) gross sales.
B) net income.
C) gross profit.
D) net margin.
E) net purchases.
Question 4 - All of the following are assumptions of Theory Y except
A) people will work toward goals to which they are committed.
B) work is an important part of people's lives.
C) managers must coerce and control workers to achieve organizational goals.
D) organizations generally do not make full use of their human resources.
E) people often seek out and willingly accept responsibility.
Question 5 - Sebastian is an employee of Power Trans Inc His duties include preparing reports and analyzing company accounting data. He also appraises financial performances, verifies the accuracy and validity of the company's internal records and accounting procedures. Sebastian's role is that of a _____.
A) forensic accountant
B) government auditor
C) certified fraud examiner
D) management accountant
Question 6 - The order of difficulty and expense, from most to least, when forming a business organization is as follows:
A) corporation, sole proprietorship, partnership.
B) corporation, partnership, sole proprietorship.
C) partnership, corporation, sole proprietorship.
D) partnership, sole proprietorship, partnership.
E) sole proprietorship, partnership, corporation.
Question 7 - Energizer offers its customers a reduction in price if they pay for their shipments of batteries within ten days of receiving them. This is a(n)
A) sales allowance.
B) trade discount.
C) sales return.
D) sales discount.
E) inventory reduction.
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