What kind of financial instruments are trusts?
What will be an ideal response?
A legal relationship where asset ownership is transferred from the current owner (grantor) to a trustee for the benefit of a third party (the beneficiary).
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Which of the following statements is generally correct about the appropriateness of audit evidence?
A. Appropriateness of audit evidence refers only to audit evidence obtained from outside the entity. B. The more effective the internal control, the more assurance it provides about the reliability of the accounting data and financial statements. C. Appropriateness of audit evidence refers to the amount of corroborative evidence obtained. D. Information obtained indirectly from independent outside sources is more persuasive than the auditor's direct personal knowledge obtained through observation and inspection.
The role of a SWOT analysis is to ________
A) evaluate the effort that is needed to recover a business's investment B) document all present and possible future influences on performance C) monitor the marketing and profit performance in light of the marketing plan's timeline D) specify each marketing task and the amount needed to accomplish it E) allocate resources based on the strategic market plan
Which is NOT a sanction placed against North Korea?
a. cap on the amount of oil that can be purchased b. restrict trade only to textiles and coal c. ban on entry of North Koreans into other countries d. ban on financial institutions doing business with North Korea
The extent to which the respondent can interact with the interviewer and survey questionnaire refers to the ________
A) flexibility of data collection B) sample control C) response rate D) control of data collection environment