The most common method of taste testing is paired comparison. A minimum of ________ responses is considered an adequate sample
A) 500
B) 1000
C) 2000
D) 4000
B
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A _______ often puts organizational development into practice.
A. transformative consultant B. catalytic consultant C. counselor D. change agent E. training specialist
If the auditor failed to confirm receivables when that should have been done and it may be too late to confirm now, what should the auditor do?
a. Issue an adverse opinion. b. Extend the previous work done on subsequent collections to help determine that the receivables existed and were properly valued at the balance sheet date c. Automatically decide that the previously issued audit report cannot be supported in light of the omitted procedures. d. Issue a disclaimer of opinion.
Which of the following would be an example of how the world affects us?
a. Leaving home in the winter and exposing ourselves to the cold b. Cold weather, regardless of where we are c. A book that hasn’t been purchased to read d. Negative attitudes of coworkers that are not reciprocated
Which of the following is not true?
a. Under U.S. GAAP, firms must test property, plant, and equipment for possible asset impairment when conditions indicate that a significant decrease in fair value has occurred. b. Under U.S. GAAP, firms initially compare the undiscounted cash flows expected from the asset to the asset's carrying value. c. Under U.S. GAAP, a fixed asset impairment occurs when the asset's carrying value exceeds the undiscounted cash flows. d. Under U.S. GAAP, the amount of the recognized impairment loss is the excess of the carrying value over the fair value of the asset. e. Under U.S. GAAP, firms recognize an impairment loss when the carrying value of a fixed asset exceeds its recoverable amount, the higher of (1) the fair value less cost to sell, and (2) value in use.