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NEW QUESTION 36
Which of the following is a recommended method for safeguarding an organization's proprietary information?

A. Classifying data into categories according to value and sensitivity levelsB. Requiring employees to take notes and keep drafts related to confidential projectsC. Mandating that all employees sign noncompetition agreementsD. Changing locks and reprogramming door access codes every three to five years

Answer: A

 

NEW QUESTION 37
____________ is a process by which a bookkeeper records all transactions and can adjust the books.

A. None of allB. Accounting CycleC. Financial statementD. Journal Entries

Answer: D

 

NEW QUESTION 38
Which of the following is NOT the reason why senior management will overstate business statement?

A. Trigger performance related compensationB. Meet personal performance criteriaC. Show a pattern of growth to support sale of a businessD. Comply with debit covenants

Answer: D

 

NEW QUESTION 39
A variation between the physical inventory and the perpetual inventory totals is called:

A. Account receivableB. ShrinkageC. Altered inventoryD. Write-offs

Answer: B

 

NEW QUESTION 40
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