Which of the following is NOT one of the features of a linear programming problem?

a. decision variables
b. consequences
c. constraints
d. linearity


b. consequences

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The intentional preparation of misleading financial statements, known as fraudulent financial reporting, can result from all of the following except

A) the misapplication of accounting principles. B) the manipulation of inventory records. C) fictitious sales or orders. D) recording a revenue that has been earned but not yet received.

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The inaccuracy of the grapevine has more to do with the message output than with the input.

Answer the following statement true (T) or false (F)

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The tax treatment regarding the sale of existing assets that are sold for less than the book value results in ________

A) an ordinary tax benefit B) a capital loss tax benefit C) recaptured depreciation taxed as ordinary income D) a capital gain tax liability and recaptured depreciation taxed as ordinary income

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The third general auditing standard requires that due professional care be exercised in the performance of the examination and the preparation of the report. Due professional care deals with what is done by the independent auditor and how well it is done. For example, due care in the matter of audit documents requires that audit documents'

A. Format be neat and orderly and include both a permanent file and a general file. B. Content be sufficient to provide support for the auditor's report, including the auditor's representation as to compliance with auditing standards. C. Ownership be determined by the legal statutes of the state where the auditor practices. D. Preparation be the responsibility of assistants whose work is reviewed by seniors, managers, and partners.

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