Systems development represents 80 to 90 percent of the total cost of a computer system
Indicate whether the statement is true or false
F
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An advantage of using statistical over nonstatistical sampling methods in tests of controls is that the statistical methods:
A. can more easily convert the sample into a dual-purpose test useful for substantive testing. B. provide an objective basis for quantitatively evaluating sample risks. C. eliminate the need to use judgment in determining appropriate sample sizes. D. afford greater assurance than a nonstatistical sample of equal size.
The financial statements that are prepared for the business are separate and distinct from the owners according to the
a. going-concern assumption. b. matching principle. c. economic entity assumption. d. full disclosure principle.
Memos are ?exible and can be written to suit many different purposes
Indicate whether this statement is true or false.
What is a likely reason why someone would pay money for a franchise?
a. they are not aware of basic business practices b. they will not have to spend the same amount of time marketing and building the brand c. they do not have knowledge in the industry or business model d. they will not have to work as hard in running the business