Page 432 - Introduction to Business

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406 PART 4 4 Accounting
PART
Accounting
c. cultural differences. 8. The average computer crime has been
d. incompatible equipment standards. estimated to cost $ , while the
e. a common currency. average white-collar crime is estimated to
6. All of the following are disadvantages of cost $ .
computerized accounting information a. 600,000; 23,500
systems except b. 100,000; 50,000
a. they lack judgment. c. 23,500; 40,000
b. some users assume they are always d. 10,000; 100,000
correct. e. 1,000; 50,000
c. they reduce human error caused by 9. Preventive controls do not include
fatigue or carelessness. a. hiring competent and ethical employees.
d. they present a potential for tampering b. feedback controls.
with data. c. written policies and procedures.
e. information can be lost electronically.
d. physical security of firm assets.
7. Accounting rules and regulations are a e. segregation of related organizational
result of various systems of each country functions.
that do not include.
10. CPA firms offer all of the following types of
a. cultural services to their clients except
b. economic a. auditing and other assurance services.
c. political b. tax planning services.
d. legal c. management consulting services.
e. engineering
d. inventory planning services.
e. tax compliance services.

self-test
ACE Want more questions? Visit the student website at http://college.hmco.com/business/student/ (select Gaspar,
Introduction to Business) and take the ACE quizzes for more practice.

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