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NEW QUESTION 27
A multinational organization involved in online business has planned to set up a help desk service. Which of the following best describes the role performed by the help desk?

A. Monitoring access to the online database.B. Maintaining and assuring network security.C. Responding to customer inquiries.D. Backing up and maintaining archived data.

Answer: C

 

NEW QUESTION 28
During which phase of the contracting process are contracts drafted for a proposed business activity?

A. Management phase.B. Initiation phase.C. Bidding phase.D. Development phase.

Answer: B

 

NEW QUESTION 29
A perpetual inventory system uses a minimum quantity on hand to initiate purchase
ordering procedures for restocking. In reviewing the appropriateness of the minimum quantity level established by the stores department, the internal auditor is least likely to consider

A. Available storage space and potential obsolescence.B. Stockout costs, including lost customers.C. Seasonal variations in forecasting inventory demand.D. Optimal order sizes determined by the economic order quantities model.

Answer: D

Explanation:
The basic economic order quantity EOQ) model is based on the following variables: demand, variable cost per purchase order, and variable unit carrying cost. Thus, minimum stocking levels do not affect the EOQ.

 

NEW QUESTION 30
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