________ needs may be met by joining a high-status or prestige group in which membership is hard to obtain.
A. Esteem
B. Social
C. Economic
D. Security
Answer: A
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Proper monitoring within an internal control framework may include all of the following except:
A. an external auditor. B. an internal audit function. C. an effective audit committee. D. the internal revenue service.
Adele and Ivan recently established a trailer park and restaurant, Bril's Grill House, on their property, to supplement their income. Acme Oil Inc. operates a refinery 1.6 miles away from Adele and Ivan's property. The refinery that recently increased its production capacity regularly emits nauseating gases and odors which invade neighboring property and make people sick. This causes potential customers to stay away from Bril's Grill House. Acme disregarded Adele and Ivan's pleas to abate emitting the noxious odors. Under these circumstances, Adele and Ivan ________.
A. can sue for public nuisance as Acme is committing an illegal act B. do not have a cause of action C. can bring an action for private nuisance for damages and to enjoin Acme from emitting the odors D. cannot sue for public nuisance because private parties can never sue for abatement of public nuisance
A standard cost accounting system can be used for
a. direct materials. b. overhead. c. direct labor. d. all of these.
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