The general rule for respecifying categorical variables with K categories is that K dummy variables are needed

The office manager forgot to record in the accounting records the daily bank deposit. Which control procedure would most likely prevent or detect this error?

a. segregation of duties b. independent verification c. accounting records d. supervision

From Jolier's year-end income statement, you observe that the finished goods inventory has doubled during the year. This would indicate that during the year Jolier

A) sold more goods than were produced. B) produced more goods than last year. C) produced more goods than were sold. D) sold more goods than last year.