During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a:
a. sampling risk.
b. non-sampling risk.
c. systematic risk.
d. systemic risk.
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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What is a value chain analysis?
A. View of a firm as a series of business processes, each of which adds value to the product or service. B. Analysis of the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry. C. Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service. D. Evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
Chou Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. Compute its return on assets.
A. 8.4%. B. 15.6%. C. 17.2%. D. 1.5%. E. 14.3%.
When the containers of a product are not tamperproof, this is a ________.
A. defect in design B. defect in manufacture C. defect in packaging D. failure to warn
An important source of information about consumer demand is the want book or want slip
Indicate whether the statement is true or false