Which of the following is not a standard procedure that the auditor normally should follow in the observation of inventory at year-end?

a. Observe the client taking inventory.
b. Make selected test counts and trace into client's inventory compilation.
c. Look for slow-moving, obsolete or damaged inventory.
d. Review disclosure of inventory valuation.


d

Business

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destinations across the globe. There has been an outbreak of cholera in one of the islands where Sapphire has a hotel. If you were to conduct P.E.S. T analysis in this case, which of the following environmental forces would you suggest is affecting Sapphire's market the most? A) economic forces B) social forces C) technological forces D) political forces

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Individuals who exert an unequal amount of influence on the decisions of others because they are considered knowledgeable about particular products are called 

A. product pushers. B. opinion leaders. C. marketing trailblazers. D. company leaders. E. reference group leaders.

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What are successful techniques of controlling the cost of labor involved in service firms?

What will be an ideal response?

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Since yield curves are usually upward sloping, the ________ indicates that, on average, people tend to prefer holding short-term bonds to long-term bonds

A) market segmentation theory B) expectations theory C) liquidity premium theory D) both A and B of the above E) both A and C of the above

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