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NEW QUESTION: 1
In what step of the purchase-to-pay process is a purchase requisition generated?
Please choose the correct answer.
Response:
A. Source of supply determination
B. Determination of requirements
C. Vendor selection
D. Invoice verification
Answer: B
NEW QUESTION: 2
A loss on the sale of property, plant, and equipment should be __________ in computing cash flow from operating activities.
A. added to net income
B. subtracted from net income
C. subtracted from net sales
Answer: A
Explanation:
A loss on the sale of a long-lived asset has been subtracted in determining net income.
Because a loss on the sale of a long-lived asset does not represent an operating activity, it must be added to net income to determine cash flow from operating activities.
NEW QUESTION: 3
A newly hired risk practitioner finds that the risk register has not been updated in the past year. What is the risk practitioner's BEST course of action?
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B. Implement a process improvement and replace the old risk register.
C. Engage an external consultant to redesign the risk management process.
D. Outsource the process for updating the risk register.
Answer: A
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