A capital investment project will have a higher net present value, everything else being equal, if it has:

• A.Cash inflows that are larger in the later years of the life of the project.
• B.A higher discount rate.
• C.Cash inflows that are larger in the earlier years of the life of the project.
• D.A higher initial investment level.

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The main reason to establish internal controls in an organization is to:

• A.Ensure the accuracy, reliability, and timeliness of information.
• B.Encourage compliance with policies and procedures.
• C.Provide reasonable assurance on the achievement of objectives.
• D.Safeguard the resources of the organization.

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Which of the following is the most effective control to prevent unauthorized entrance of a former employee of the organization?

• A.Revoking the former employee's biometrics from the entrance systems
• B.Keeping doors locked and accessible with a key that is provided only to employees
• C.Installing security guards who have undergone a background check at all entrances.
• D.Installing multiple high-powered surveillance cameras throughout the organization

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