An auditor who accepts a client’s explanation regarding financial irregularities, despite contradictory evidence, could be considered grossly negligent.
Answer the following statement true (T) or false (F)
True
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From a population of 200 elements, a sample of 49 elements is selected. It is determined that the sample mean is 56 and the sample standard deviation is 14. The standard error of the mean is
A. 3. B. 2. C. greater than 2. D. less than 2.
If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben's promise of $1,000, the agreement is:
a. enforceable because Becky is giving up the right to do something she would otherwise be entitled to do. b. enforceable because the agreement accomplishes Ben's goal of keeping Becky from drinking. c. not enforceable because Becky does not have a legal right to drink alcohol. d. not enforceable because Becky is a minor and could disaffirm the contract.
If the interest rate is positive, then the present value of an annuity due will be less than the present
value of an ordinary annuity. Indicate whether the statement is true or false
The starting point for determining hardware requirements is the ____ that will run on the hardware platform
a. operating system b. application software c. transaction monitor d. database system