The financial statements of firms generally are audited by
A) employees of the firm being audited.
B) employees of private accounting firms.
C) employees of the federal government.
D) the board of directors of the corporation being audited.
Answer: B
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When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________
A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated
The index of leading indicators is
a. an alphabetical listing of the most popular indicators in the economy for a given month. b. a composite index of indicators that provides information on the future direction of the economy. c. a measure of the level of aggregate output. d. a composite index designed to measure inflation.
Refer to the graph shown. Which of the following wage rates would be an effective price floor?
A. $3.50 B. $4.50 C. $7.25 D. $6.50
Within the city of New Orleans, most of the victims of Hurricane Katrina were
A. rich and white. B. rich and black. C. poor and white. D. poor and black.