Which of the following statements is not true?
A. Technology, like social factors, varies significantly across countries.
B. Major events often are the beginning of slow shifts in public opinion or buying habits.
C. Psychographics exist within demographics.
D. Cultural ethics deals with the values and morals of a society and how they translate to societal acceptance.
Answer: B
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Auditors do NOT need to know the business and economics of the business in order to perform meaningful preliminary analytical procedures
a. True b. False Indicate whether the statement is true or false
Kite Company paid $24,900 in insurance premiums during 2013 . Kite showed $3,600 in prepaid insurance on its December 31 . 2013 . balance sheet and $4,500 on December 31 . 2012 . The insurance expense on the income statement for 2013 was
a. $16,800. b. $24,000. c. $25,800. d. $33,000.
A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)
a. change in accounting principle. b. change in accounting estimate. c. prior period adjustment. d. extraordinary item.
The current indirect rate is 0.833, the interest rate in the foreign country is 4%, and the interest rate in the home country is 3%. What is the forward indirect rate if t = 1?
A) 0.8411 B) 0.8426 C) 0.8439 D) 0.8448