Question 31

Which one or the following costs Is a variable product cost?
  • Question 32

    Company Y records a receivable from a foreign customer in Company Y's functional currency. The receivable is due in 90 days and is to be paid in the customer s currency. This is an example of which type of risk exposure?
  • Question 33

    The internal audit division of a company is investigating a potential fraud in the Accounts Payable department Someone in the department has been writing checks to fictitious vendors and collecting the cash The primary suspect Is an employee who has own with the company for twelve years and recently lost his Did for promotion to Director of Accounts Payable a position which would have given mm a 25% salary increase This employee has been heard complaining to several other employees in the department that he was cheated out of his raise. Which one of the following elements of the fraud triangle is this employee exhibiting?
  • Question 34

    In an Enterprise Risk Management environment, which one of the following is the best example of risk sharing?
  • Question 35

    Clark inc, expects to incur the following selected costs an a new product being planned for introduction early next.
    * Design an development costs of $100,000 that will be incurred this year.
    * Marketing costs of $50,000 to be incurred %50 this year %50 year
    * Manufacturing costs of $500,000 to be incurred next year.
    * In addition to external market factors, the pricing decision should be based on cost. The product cost that should be used is