Which one of the following below is notan element of internal control?
a. risk assessment
b. monitoring
c. information and communication
d. cost-benefit considerations
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Q. 2) When a company buys shares of its own stock and holds them as treasury stock, ________.
A) its earnings per share are not affected
B) its earnings per share will increase
C) its earnings per share will decrease
D) the market price of its stock will decrease
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Q. 3) The _____________________________
_ group is responsible for routing all work in to and out of the data center, correcting errors, and monitoring all error correction.
Fill in the blank(s) with correct word
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Q. 4) Which assets are depreciated?
A) intangible assets
B) natural resources
C) property, plant and equipment, except for land
D) long-term investments in marketable stocks and bonds
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Q. 5) After the posting of the accounts receivable ledger and the general ledger is completed, the total of the accounts receivable ledger balances should equal the Accounts Receivable balance in the general ledger.
a. True
b. False
Indicate whether the statement is true or false
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Q. 6) Management should establish a(n) _____________________________
_ plan and implement related activities, including reviews, audits, and inspections, to ensure the attainment of IT customer requirements.
Fill in the blank(s) with correct word
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