In general, for-profit organizations have all of the following sources of funds available to them, EXCEPT:
A. Funds derived from operations
B. Funds obtained via credit facilities (debt)
C. Funds obtained via equity financing
D. Funds obtained via stock financing
E. Funds obtained via family and friends financing
Ans: E. Funds obtained via family and friends financing
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Which of the following components of internal control consists of work performed by internal and external auditors?
A) monitoring of controls B) information systems C) control procedures D) control environment
Walter works in the cutting department of a shoe manufacturing company. The workers in the department are required to cut out the skin of leather into pieces of various shapes using metal strip knives
This operation requires a high level of skill so as to avoid wastage of leather. Walter's working standards have reduced since the last 2 months. His supervisor approaches him to discuss his substandard performance. To avoid this confrontation again, Walter tries to achieve the required standards. Which of the following is most similar to the given scenario? A) Robin, an employee at Blueberry Interiors, stops making uninvited suggestions as he realizes that they are constantly being ignored. B) Following poor grades in his school exams, Frank's teacher requests a meeting with his parents. This causes Frank to work harder for better grades. C) Gary, an employee at a denim manufacturing company, receives a bonus for achieving the monthly production quota. This motivates him to try and increase his productivity even further. D) Roger feels highly motivated following an interview with his manager, who praised his project report.