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NEW QUESTION 27
____________ is a summary of the account balances carried in a ledger.
- A. General journal
- B. Financial statement
- C. Income statement
- D. Balance sheet
Answer: B
NEW QUESTION 28
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?
- A. Bid solicitation
- B. Kickbacks
- C. Competitive bidding
- D. Bid-rigging
Answer: C
NEW QUESTION 29
According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
- A. Assets
- B. None of above
- C. Liabilities
- D. Credentials
Answer: A
NEW QUESTION 30
Which of the following is a recommended activity that organizations should engage in to protect their proprietary information from threats?
- A. Prohibiting all nonemployees from entering the organization's premises
- B. Strong devices containing sensitive data in specially constructed quiet rooms
- C. Enlisting a company task force to identify areas most at risk for theft by a competitor
- D. Practicing data maximization to limit the information available during a data breach
Answer: C
Explanation:
Explanation/Reference: https://www.acfe.com/uploadedfiles/acfe_website/content/documents/managing-business-risk.pdf
NEW QUESTION 31
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