Which of the following statements about voice communications is true?

• A.Modern voice recognition input devices have large vocabularies and short training periods.
• B.A voice output device converts speech into digital data.
• C.Cell phones and PCS services use the same frequency radio waves.
• D.Pagers can alert users to the receipt of messages but cannot transmit text.

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A flexible budget is a quantitative expression of a plan that:

• A.Is developed for the actual level of output achieved for the budget period.
• B.Is comprised of the budgeted income statement and its supporting schedules for a budget period.
• C.Focuses on the costs of activities necessary to produce and sell products and services for a budget period.
• D.Project costs on the basis of future improvements in existing practices and procedures during a budget period.

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A U.S. company and a European company purchased the same stock on a European stock exchange and held the stock for one year. If the value of the euro weakened against the
U.S
dollar during the period, in comparison with the European company's return, the
U.S
company's return will be:

• A.Lower.
• B.Higher.
• C.The same.
• D.Indeterminate from the information provided.

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Which of the following organization structures would most likely be able to cope with rapid changes and uncertainties?

• A.Departmentalized
• B.Decentralized
• C.Centralized
• D.Tall structure

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Which of the following is true regarding an organization's relationship with external stakeholders?

• A.There are several internationally recognized standards for dealing with financial donors.
• B.Disclosure laws tend to be consistent from one jurisdiction to another.
• C.Legal representation should be consulted before releasing internal audit information to other assurance
• D.Specific guidance must be followed when interacting with nongovernmental organizations.

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