The auditor needs to obtain absolute assurance as to whether the financial statements are free from material misstatement
a. True
b. False
Indicate whether the statement is true or false
False
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Pascal is a buyer for Kelly Benjamin department store in Kentucky. While Pascal was buying visiting California, he found a solar car on sale for $3,000. Pascal contracts to buy the car for Kelly Benjamin, who wants to buy a solar car. Kelly instructs the seller to ship the car. Under these circumstances:
A. Kelly is not liable since Pascal made the purchase. B. Pascal is considered to have ratified the contract. C. Pascal and Kelly are both liable on the contract. D. Kelly is considered to have ratified the contract.
The treasurer should prepare and sign a check only after a proper check authorization has been provided
Indicate whether the statement is true or false
Firms that are customer-centric exhibit a high degree of customer orientation, which means that they ________.
A. align system capability externally so that an organization can respond with competitively similar goods and services B. treat employees as customers and develop systems and benefits that satisfy their needs C. develop mass-produced goods and services that sell well in both large and small markets D. instill an organization-wide focus on understanding customers' requirements E. generate an understanding of the marketplace and keep that information confidential
A busy mom stops at a 7-Eleven store on the way home from work to purchase some bread, milk, and ice cream. What primary economic need is being satisfied by the 7-Eleven?
A. efficiency in operation B. economy of purchase C. dependability in use D. convenience