Which of the following types of accounts must be closed at the end of the period?

• A.Real accounts.
• B.Income statement accounts.
• C.Balance sheet accounts.
• D.Permanent accounts.

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Which of the following types of analytics focuses less on analysis and more on condensing data into mote meaningful pieces of information?

• A.Diagnostic analytics
• B.Predictive analytics
• C.Prescriptive analytics
• D.Descriptive analytics

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An internal auditor discovered that several unauthorized modifications were made to the production version of an organization's accounting application. Which of the following best describes this deficiency?

• A.Change controls weakness.
• B.Production controls weakness.
• C.Authorization controls weakness.
• D.Application controls weakness.

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An example of an internal nonfinancial benchmark is:

• A.The labor rate of comparably skilled employees at a major competitor's plant.
• B.The average actual cost per pound of a specific product at the company's most efficient plant.
• C.A US $50,000 limit on the cost of employee training programs at each of the company's plants.
• D.The percentage of customer orders delivered on time at the company's most efficient plant.

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The economic order quantity can be calculated using the following formula:

Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?

• A.Increase by about 7 percent.
• B.Decrease by about 7 percent.
• C.Increase by about 17 percent.
• D.Decrease by about 17 percent.

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