Which of the following is not a method of protection of risk?
A) Group insurance plans
B) Employee benefits
C) Social insurance
D) Humanitarian aid
D
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The auditor's communication of material weaknesses in internal control for a nonpublic company is:
A. required to enable the auditor to state that the examination has been made in accordance with generally accepted auditing standards. B. required to be included as part of the audit opinion. C. required even though the financial statement audit for private companies does not require an audit of the entity's system of internal control. D. the principle reason for studying and evaluating the system of internal controls.
If a document has too many design elements, what readability tool is missing?
A) Restraint B) Balance C) Consistency D) White space E) Detail
American Clothing Company manufactures clothes to be sold in retail stores. After the clothing is manufactured, it is shipped to wholesalers who, in turn, use transportation companies to ship the product to various retail outlets. The manufacturer, wholesaler, transportation company, and retailer all work together to create and deliver the product. This is an example of
A. communicating value. B. creating value. C. marketing value. D. forecasting value. E. delivering value.
What is the formulation for this problem?
The owner of Chips etc. produces two kinds of chips: lime (L) and vinegar (V). He has a limited amount of the three ingredients used to produce these chips available for his next production run: 4800 ounces of salt, 9600 ounces of flour, and 2000 ounces of herbs. A bag of lime chips requires 2 ounces of salt, 6 ounces of flour, and 1 ounce of herbs to produce; while a bag of vinegar chips requires 3 ounces of salt, 8 ounces of flour, and 2 ounces of herbs. Profits for a bag of lime chips are $0.40, and for a bag of vinegar chips $0.50.