Government is typically a ________
A) net provider of funds because it borrows more than it saves
B) net demander of funds because it borrows more than it saves
C) net provider of funds because it can print money at will
D) net demander of funds because it saves more than it borrows
B
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A dual-purpose test:
A. is a procedure completed by both the internal and external auditors. B. is useful to both the entity and the auditor. C. is both a substantive test of transactions and a test of controls. D. simultaneously tests debits and credits.
Reconciling the physical asset inventory with the property ledger on a periodic basis is a control related to which management assertion?
a. Completeness. b. Rights and Obligations. c. Existence. d. Valuation
Because others will be skeptical of lending their support to the coalition, a founder needs to give early partners enough to "make it worth their while."
Answer the following statement true (T) or false (F)
Select the option that correctly describes an application of the Success Case Method.
a. As indicated in the name, it focuses on success instances and ignores non-success instances. b. The evaluator should randomly select interviewees from those who completed a survey. c. The Success Case Method can be used when investigating Kirkpatrick’s Level 3 or Level 4 outcomes of a training program. d. An anonymous survey should be used to encourage respondents to report whether they are success or non-success cases.