When conducting a single audit:
A. All programs not identified as low-risk must be audited.
B. All major programs must be audited.
C. All federal grant programs must be audited.
D. At a minimum, all Type A major programs not identified as low-risk and certain high-risk Type B programs must be considered for audit.
Answer: D
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Chris is the CEO of Chris's Finest soda pop. Chris's only product for the past 5 years has been Mountain True Soda. Over the past year, however, Mountain True sales have stalled for the first time in 5 years. Chris decides to shake things up and he adds a cherry flavoring to the Mountain True Soda and is calling the soda Cherry Mountain True. This would be an example of what type of innovation?
a. People innovation b. Exploratory innovation c. Exploitative innovation d. Process innovation
Some states allow a licensed professional to bring an action to prevent an unlicensed person
from practicing in that profession. Indicate whether the statement is true or false
As any investor can create a portfolio of assets that will eliminate all, or virtually all, nondiversifiable risk, the only relevant risk is diversifiable risk
Indicate whether the statement is true or false
Which of the following is NOT a measure of variability?
a.Mean b.Standard deviation c.Variance d.Range