Which of the following, if true, most strengthens Suzanne's position?
A) Most young adults place a high priority on spending to get what they want.
B) Most young adults do not know what a budget is.
C) Most young adults have taken a personal finance course in college.
D) Making a budget requires special accounting skills.
E) Most young adults have never needed to make a budget before.
Answer: C
Explanation: C) If most young adults have taken a personal finance course, then they will be well prepared to handle their finances. Choice A weakens the contention that young adults will want to live within their means. Choices B and E weaken the contention that young adults will live within a budget. Choice D weakens the contention that making a budget is easy to do.
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Which one of the following issues need not be addressed when planning an audit sample to test control procedures?
a. Audit objective of the test. b. Minimum failure rate. c. Expected population deviation rate. d. Auditor's allowable risk of assessing control risk too low.
An offeree can form a contract by making a promise if the offer to form the contract is:
A) Unilateral. B) Trilateral. C) Bilateral. D) Either A or B E) Neither A, B, nor C
Whether an item is a necessary actually depends upon the minor's
a. concept of what is or is not a necessary. b. station in life. c. opinion. d. experience in dealing with adults.
Which of the following statements is true?
A. All teams go through the stages of team development. B. For action teams with clear expectations, the developmental sequence is less applicable. C. Project teams that change their approach at the midway point of a project tend to fail. D. Adjourning is most significant for teams that have not been together long. E. Punctuated equilibrium takes place during the adjourning stage.