Auditing Review

Question 1 | 3 out of 3 points   |

| At the end of each production run, preventive maintenance is done on the assembly line. The expenses associated with this maintenance are ________ overhead. | | | |

| Selected Answer: |    a) batch-related |

Correct Answer: |    a) batch-related |

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  Question 2 | 3 out of 3 points   |

| Once a customer order has been approved, which document is produced next? | | | |

| Selected Answer: |    b) the packing slip |

Correct Answer: |    b) the packing slip |

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  Question 3 | 3 out of 3 points   |

| A purchase order is | | | |

| Selected Answer: |    d) All of these are true. |

Correct Answer: |    d) All of these are true. |

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  Question 4 | 3 out of 3 points   |

| The first step in the payroll process is to | | | |

| Selected Answer: |    b) update the payroll master file. |

Correct Answer: |    b) update the payroll master file. |

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  Question 5 | 3 out of 3 points   |

| The basic activities in the production cycle are | | | |

| Selected Answer: |    d) product design and production operations and planning, scheduling, and cost accounting. |

Correct Answer: |    d) product design and production operations and planning, scheduling, and cost accounting. |

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  Question 6 | 3 out of 3 points   |

| Which of the following is most likely to be a daily activity in the HRM/Payroll system? | | | |

| Selected Answer: |    d) Update HRM/Payroll database |

Correct Answer: |    d) Update HRM/Payroll database |

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  Question 7 | 3 out of 3 points   |

| The activities involved in soliciting and processing customer orders within the revenue cycle are known as the ________. | | | |

| Selected Answer: |    a) sales order entry process |

Correct Answer: |    a) sales order entry process |

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  Question 8 | 3 out of 3 points   |...