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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. Determination of requirements
B. Source of supply determination
C. Invoice verification
D. Vendor selection
Answer: A
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?
A. Engage an external consultant to redesign the risk management process.
B. Implement a process improvement and replace the old risk register.
C. Outsource the process for updating the risk register.
D. Identify changes in risk factors and initiate risk reviews.
Answer: D
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