What is a disadvantage of sole proprietorships?
A. absence of a tax-exempt business status
B. stringent government regulations
C. sharing of profits with major stockholders
D. lack of continuity
E. lack of business control
Answer: D
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The ending balance of Accounts Receivable in the ledger is calculated by adding the:
A. debits and subtracting the credits recorded during the period to the beginning debit balance to arrive at the ending debit balance. B. credits and subtracting the debits recorded during the period to the beginning credit balance to arrive at the ending credit balance. C. debits and subtracting the credits recorded during the period to the beginning credit balance to arrive at the ending credit balance. D. credits and subtracting the debits recorded during the period to the beginning debit balance to arrive at the ending debit balance.
The individual auditable elements defined by the auditor are the sampling units
a. True b. False Indicate whether the statement is true or false
Mail panels can be used to obtain information from the same respondents repeatedly
Indicate whether the statement is true or false
Lars is reviewing the past 10 years of Acme Global’s production levels and comparing those to how many workers were in the organization. He plans to use the information to create a chart of how many workers are needed for different production levels. The process in which Lars is engaged is ________.
A. qualitative forecasting B. ratio analysis C. trend analysis D. regression analysis E. skill analysis