You save the same dollar amount from each paycheck during your career. As your income increases, your savings rate will
A) increase.
B) decrease.
C) stay the same.
D) More information is needed to determine what effect this action will have.
Answer: B
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A properly planned and performed audit may fail to detect a material misstatement resulting from fraud because:
A. audit procedures that are otherwise effective may be ineffective for fraud that is concealed through collusion. B. an audit is planned and performed to provide reasonable assurance of detecting material misstatements caused by errors but not by fraud. C. the auditor did not consider factors influencing audit risk for account balances that have effects pervasive to the financial statements taken as a whole. D. the factors considered in assessing control risk indicated an increased risk of error but only a low risk of fraud in the financial statements.
B. What is an undisclosed principal? b. What is a partially disclosed principal? c. What liability does an agent have to a third party when the principal is either undisclosed or partially disclosed? d. Dale is asked to be an agent for Phil, but Phil
does not wish third parties to know that Dale represents him. In light of your answer to part (c), why would Dale want to be an agent for Phil? Why would Phil wish that third parties not know his identity? Explain.
Perhaps the individuals who had the most knowledge or responsibility for making the change occur were not included; this is in relation to which of the reasons why interventions fail?
a. implementing an event rather than a program b. unclear or overambitious goals c. poorly designed intervention d. ownership not transferred to client
Whitewater Canyon Adventures, Inc, and Xtra Overstock Company enter into an oral contract for Xtra's sale to Whitewater of five rafts for $2,000 each. Before Whitewater takes posses¬sion of the rafts, this contract is enforceable by
a. Xtra only. b. Whitewater only. c. any interested third party, such as a Whitewatertour guide. d. none of the choices.