Audit failure is the failure of an audit to uncover a ________ and the expected cost of an audit failure is the ________.
A) theft; expected cost of the theft
B) mistake; cost of the mistake
C) theft; cost of the theft
D) mistake; expected cost of the mistake
A) theft; expected cost of the theft
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The equation for the consumption function maps out a(n)
a. upward sloping straight-line (linear) curve b. downward sloping straight-line (linear) curve c. horizontal (straight-line or linear) curve d. rectangular hyperbola e. vertical (straight-line or linear) curve
Suppose Fergie's Florist experiences ________ up to a certain point and ________ beyond that point. Its long-run average cost curve is most likely to be U-shaped.
A. diseconomies of scale; constant returns to scale B. economies of scale; diseconomies of scale C. constant returns to scale; economies of scale D. diseconomies of scale; economies of scale
Medicaid is available to all over 65, including those not poor
Indicate whether the statement is true or false
Which of the following items is included in M2?
a. credit cards b. money market mutual funds c. corporate bonds d. large time deposits