In the audit approach for assessing fair value, which should the auditor determine for Level 2 assets?
a. The correspondence of the client's assets to similar assets in an active market.
b. Contingent liabilities.
c. Sensitivity of model used for marking to model.
d. The performance of tests of controls.
a
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Theory X is based on ______________ assumptions about worker motivations.
A) Conventional B) Non-conventional C) Modernistic D) Reformatory
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Indicate whether the statement is true or false
. According to the text, what conclusion can be drawn from Eli Whitney’s cotton gin and Thomas Edison’s light bulb?
a. Inventors are often lone-wolves whose inventions come to fruition through a process of trial and error. b. Inventions often spring fully formed into an inventor’s mind. c. Inventions are often a result of the work of a group of different people who made improvements over a long period of time. d. Products are often attributed to individuals who had little or nothing to do with their invention.
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A. result; factor beyond the experimenter's control B. cause of an action; result of an action C. element that always changes; element that never changes D. element that never changes; element that always changes E. result of an action; cause of an action