Intellectual property is
A. protected in the same way as land.
B. exclusive.
C. expensive to produce but cheap to reproduce and transmit.
D. expensive to produce, copy, and transmit.
Answer: C
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Analytical procedures used in planning an audit should focus on identifying:
A. the various assertions that are embodied in the financial statements. B. the predictability of financial data from individual transactions. C. material weaknesses in internal control. D. areas that may represent specific risks relevant to the audit.
The union wage premium is:
A. Approximately 15% such that union workers make, on average, 15% more than comparable nonunion workers. B. Approximately 15% such that nonunion workers make, on average, 15% more than comparable union workers. C. No longer prevalent in the U.S. D. Approximately 5% such that union workers make, on average, 5% more than comparable nonunion workers.
A savings ratio calculated from an income and expense statement represents the:
A. percentage of gross income saved. B. ability to cover immediate debt when there is an interruption in income. C. percentage of after-tax income saved. D. percentage of tax-deferred income earned annually. E. percentage of asset value salvaged.
How is big data being utilized by local governments?
What will be an ideal response?