Which of the following warranties provides that the goods will be useable for the ordinary purposes for which they are used?

A)Disclaimer
B)Fitness for a particular purpose
C)Merchantability
D)Title


C

Business

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The intent of the Sarbanes-Oxley Act of 2002 is to protect the company by improving the accuracy and reliability of all corporate disclosures made pursuant to the securities laws

Indicate whether the statement is true or false

Business

A company determines whether to recognize an uncertain tax position by evaluating whether the tax position will "more likely than not" be upheld during a tax audit by the IRS, based on the technical merits of the position

Indicate whether the statement is true or false

Business

Upper Misstatement Limit When evaluating the MUS sample results, the auditor calculates the total estimated misstatement in the account balance based on the sampling process. Describe the four components that make up this total

Business

The database approach to data management is sometimes called the flat file approach

Indicate whether the statement is true or false

Business