Which of the following is not a purpose of the management representation letter?
a. It reminds management of its responsibility for the financial statements.
b. It confirms oral responses obtained by the auditor earlier in the audit and the continuing appropriateness of those responses.
c. It decreases the possibility of misunderstanding concerning the matters that are the subject of the representations.
d. It implies that the auditor is responsible for the design of the internal controls.
d
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Explain the ideas emphasized by the behavioral viewpoint. List the three phases of development of the behavioral viewpoint and discuss at least one major contribution and its pioneer from each of the first two phases.
What will be an ideal response?
Which of the following is true with regard to operations interfaces in a product supply chain?
a. Upstream interfaces typically include individuals or companies that buy and use the firm’s finished products. b. Downstream interfaces typically include suppliers that provide raw materials, components, and parts required in downstream operations. c. Vertical interfaces include technology management and service support. d. Horizontal interfaces include the company’s relations with its competitors.
The strategies for structuring effective good- and neutral-news messages
a. follow the inductive sequence. b. vary dramatically from one company to another. c. can generally be applied to cultures around the world. d. are generally consistent among North American audiences.
Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 48, 76, 17, 82, 43, and 3?
A. 8
B. 9
C. 10
D. 11