The difference between the total value added and the total costs incurred is called the ________ of the value chain.
A. total margin
B. taxable income
C. gross turnover
D. actual value
E. total revenue
Answer: A
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Which of the following represents a typical substantive audit procedure for cash balances?
a. Verify material deposits-in-transit to subsequent statements. b. Review cash confirms received by the client from the bank. c. Foot cutoff bank statements provided by the financial institutions. d. Perform kiting techniques to transfer cash between two client accounts.
Both indirect materials and indirect labor are overhead costs
Indicate whether the statement is true or false
Under the CISG, a party may suspend performance of his obligations if, after the conclusion of the contract, it becomes apparent that the other party will not perform a substantial part of his obligations
a. True b. False Indicate whether the statement is true or false
Regarding disability claims, which of the following statements is NOT true?
a. The ADA applies to someone who is not disabled, but is perceived as disabled. b. The ADA applies to someone who is not disabled, but has a record of a disability. c. The ADA applies to someone who is currently disabled. d. The ADA does not apply to someone who is not disabled, but is perceived as disabled.