When a business hires a person in order to advocate a position to the government, it is said to be indulging in:
A. corruption.
B. campaigning.
C. lobbying.
D. coalescing.
Answer: C. lobbying.
Business
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Which of the following terms refers to the investment of resources for future profit?
A) capital B) interest C) loan D) cash flow
Business
Which of the following is the most effective control procedure to detect vouchers that were prepared for the payment of goods that were not received?
A) Count goods upon receipt in storeroom. B) Match purchase order, receiving report, and vendor's invoice for each voucher in accounts payable department. C) Compare goods received with goods requisitioned in receiving department. D) Verify vouchers for accuracy and approval in internal audit department.
Business