Which of the following are included in technical analysis?
I. charting price movements
II. tracking trading volume
III. determining the investor's risk tolerance
IV. monitoring odd-lot trading
A) I and II only
B) II and III only
C) I, II and III
D) I, II and IV
Answer: D
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Assume that one of the process bubbles in the Purchasing Process - Level 0 Diagram is called "order goods and services." The data flow between "order goods and services" and the "vendor" is called a:
a. purchase order b. receiving report c. stock notice d. inventory notice
Which of the following is not a generally recognized internal control procedure?
a. Establishing of clear lines of authority to carry out specific tasks b. Physically counting inventory in a perpetual inventory system c. Reducing the cost of hiring seasonal employees d. Limiting access to computerized accounting records
Which of the following is not an estimate that requires significant auditor judgment and skepticism?
a. Obligations for pension plans. b. Valuation of goodwill. c. Allowance for bad debt. d. Common stock and related additional paid-in capital.
Which of the following statements best defines cultural values?
A. Cultural values are the needs, desires, and objectives of those involved in a purchase decision. B. Cultural values are a set of unique personal qualities that produce distinctive responses across similar situations. C. Cultural values are a set of critical situational factors that affects individuals throughout the consumer choice process. D. Cultural values are a set of qualities that are formed at a relatively early age and are consistent and enduring. E. Cultural values are principles shared by a society that assert positive ideals.