Which statement is correct?
a. Assertions affected by highly objective estimates usually require direct tests of balances.
b. The materiality of the account totally dictates the substantive procedures to be performed.
c. The evidence the auditor obtains from risk assessment procedures does not influence the substantive procedures to be performed.
d. The extent and results of control tests performed by the auditor will influence the substantive procedures to be performed.
d
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Which of the following costs would be least likely to appear on a responsibility accounting report for the supervisor of an assembly line in a large manufacturing situation?
a. Direct labor b. Supervisor's salary c. Materials d. Repairs and maintenance
Building physical capacity based on selecting a lower percentile day will NOT have a negative impact on ______.
a. customer satisfaction b. revenue c. long-term attendance growth d. cost
Value is some type of utility that a company and its products provide for customers.
Answer the following statement true (T) or false (F)
Observing and retaining the lessons gained from the experiences of others is called
a. Scanning b. Mimicry c. Vicarious learning d. Grafting