Which of the following statements is true of pay level?
A. Pay level is independent of the number of employees in an organization.
B. The higher the pay level relative to what competitors pay, the lower the relative costs to provide similar products or services.
C. Pay level is directly proportional to labor costs.
D. Pay level is the same across all organizations for the same job.
Answer: C
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Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting?
A. Inability to generate cash flows from operations while reporting substantial earnings growth. B. Inability to borrow necessary capital without granting debt covenants. C. Management's lack of interest in increasing the entity's earnings trend. D. Large amounts of liquid assets that are easily converted into cash.
Which of the following does the one-year rule state?
A) Every contract in writing is subject to yearly renewal. B) The terms of a written contract can be modified within a year of its formation. C) A contract that cannot be performed on its own terms within a year should be in writing. D) Valid contracts cannot be rescinded by either party until a year after their formation.
Which of the following is an indirect cost of manufacturing scooters?
A. Wheels. B. Assembly worker employee benefits. C. Brakes D. Scooter assembly wages. E. Supervisor salary.
Which sentence is expressed correctly?
A) Three reasons that people blog are to 1, express themselves creatively, 2, share personal experiences with others, and 3, stay in touch with family and friends. B) Three reasons that people blog are to (a) express themselves creatively, (b) share personal experiences with others, and (c) stay in touch with family and friends. C) Three reasons that people blog are to: (a) express themselves creatively, (b) share personal experiences with others, and (c) stay in touch with family and friends.