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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. Invoice verification
B. Vendor selection
C. Source of supply determination
D. Determination of requirements
Answer: D
NEW QUESTION: 2
A loss on the sale of property, plant, and equipment should be __________ in computing cash flow from operating activities.
A. subtracted from net income
B. subtracted from net sales
C. added to net income
Answer: C
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. Outsource the process for updating the risk register.
B. Engage an external consultant to redesign the risk management process.
C. Identify changes in risk factors and initiate risk reviews.
D. Implement a process improvement and replace the old risk register.
Answer: C
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