Which of the following is not a variation of the e-tailer business model?
A) bricks-and-clicks
B) virtual merchant
C) market creator
D) manufacturer-direct
C
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Auditors who prefer statistical sampling to nonstatistical sampling may do so because statistical sampling helps the auditor:
A. minimize the failure to detect a material misstatement due to nonsampling risk. B. reduce the level of tolerable misstatement to a relatively low amount. C. eliminate the cost of training auditors in the proper use of sampling techniques. D. measure the sufficiency of the evidential matter obtained.
Briefly define the hardball tactic of chicken. What is the main weakness of the chicken tactic?
What will be an ideal response?
On January 1, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $2,300,000. The bonds pay interest semiannually. The market rate of interest is 9.5% and the bond selling price was $2,143,712. The bond issuance should be recorded as:
A. Debit Cash $2,143,712; debit Discount on Bonds Payable $156,288; credit Bonds Payable $2,300,000. B. Debit Cash $2,143,712; credit Bonds Payable $2,143,712. C. Debit Cash $2,300,000; credit Bonds Payable $2,143,712; credit Discount on Bonds Payable $156,288. D. Debit Cash $2,143,712; debit Interest Expense $156,288; credit Bonds Payable $2,300,000. E. Debit Cash $2,300,000; credit Bonds Payable $2,300,000.
If granted appropriate rights, it is possible to call database objects from other schemas.
Answer the following statement true (T) or false (F)