An accounting measurement is concerned with all except which of the following?
a. Money measure
b. Financial position
c. Separate entity
d. Business transaction
B
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Internal auditors assist external auditors with financial audits to
a. reduce audit fees b. ensure independence c. represent the interests of management d. the statement is not true; internal auditors are not permitted to assist external auditors with financial audits
How should the implementation phase begin in an issue-driven multi-stakeholder dialogue?
a. with agreement that any solution reached is binding on all stakeholders b. by allowing any unhappy stakeholders to withdraw from the dialogue c. with agreement that solutions should only be reached by consensus d. with recognition that every stakeholder may have to sacrifice something
Pedro just learned that a competitor to his fast-food restaurant is opening up. Pedro responds by revising his menu to include more ethnic specialties and starts a customer loyalty club that gives free drinks for every five visits. This is an example of which of the following?
a. a marketing plan b. a pivot c. a small failure d. an over reaction
Marietta Hotels used a twenty-five-year, $50 million bond issue to finance its expansion. In its plan to ensure that funds would be available to redeem the bonds at maturity, it arranged that none of the bonds would mature during the first fifteen years. Therefore, 10 percent of the bonds mature each year until all the bonds are retired at the end of the twenty-fifth year. This is an example of the ____ method of repayment.
A. sinking fund B. selling new bonds C. registered bond D. selling old bonds E. serial bond