As a strategic planning tool, a SWOT analysis can provide insight even with limited data
a. True
b. False
Indicate whether the statement is true or false
True
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The auditor must understand internal control before assessing inherent risk.
Answer the following statement true (T) or false (F)
If a modification of the lease contract increases the lease payment to $1,000 or more, the modification has to be in writing to be enforceable
Indicate whether the statement is true or false
A contract is __________ if its terms are unduly harsh or oppressive or unreasonably favorable to one side
a. substantively unconscionable b. procedurally unconscionable c. procedurally impracticable d. substantively impracticable
In the context of legal forms of business, a Subchapter S Corporation
A. allows the owners to treat the income of the firm as part of their personal incomes. B. treats the owners of the firm as advisory members with little say in the operations of the firm. C. gives the owners of the firm virtually unlimited liability for its debts and liabilities. D. treats the owners of the firm and the firm itself as the same entity.