_____ are foreign sales agents-distributors who live in a foreign country and represent a domestic company in sales situations. They perform the same functions as domestic manufacturers' agents who help with financing and shipping.
A. Export agents
B. Export brokers
C. Import broker
D. Buyers for export
E. Licensing agents
Answer: A
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Which of the following statements best describes an inherent limitation of the monetary-unit sampling method?
A. It requires the use of a computer system to perform the required calculations. B. It can only be used for substantive testing of asset accounts. C. Misstatement rates must be large and the misstatements must be overstatements. D. Misstatement rates must be small and the misstatements must be overstatements.
The ________ method is based on minimum distance or the nearest neighbor rule
A) single linkage B) medium linkage C) complete linkage D) average linkage
Adjustments are necessary to bring an asset or liability account to its proper amount and also update a related expense or revenue account.
Answer the following statement true (T) or false (F)
Which of the following is the benefit of automating the processes?
a. Increase in amount of inventory b. Increases the quality of finished products c. Decreases the cost of material d. Increases the cost of production