Which principle in the Code of Ethics for internal auditors states that the are to make a balanced assessment of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments?

A) Confidentiality
B) Competency
C) Objectivity
D) Integrity

Answer: C

Business

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A copy machine costs $ 45,000 when new and has accumulated depreciation of $ 44,000. Suppose Print and Photo Center discards this machine and receives nothing. What is the result of the disposal transaction?

A. No gain or loss B. Gain of $ 1, 000 C. Loss of $ 1,000 D. Loss of $ 45,000

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The bullwhip effect can be countered by:

A) globalization. B) disintermediation. C) implementing a CRM. D) reducing information uncertainty. E) implementing a just-in-time strategy.

Business