In a manufacturing company, which one of the following audit procedures would give the least assurance about the valuation of inventory at the audit date?
A. Reviewing direct labor rates.
B. Testing the computation of standard overhead rates.
C. Examining paid vendors' invoices.
D. Obtaining confirmation of inventories pledged under loan agreements.
Answer: D
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Answer the following statements true (T) or false (F)
1. Hybrid boards have elected and appointed members. 2. Elected boards help ensure that organizations are responsive to member needs. 3. Nonprofits file a Form 990 with the Internal Revenue Service when their annual revenues exceed $100,000. 4. A board governs the nonprofit organization, while the chief executive officer manages the organization. 5. Advisory councils have no legal responsibilities within a nonprofit organization.
One way culture can influence negotiation is the degree of protocol considered important in a negotiation. Protocol is
A. the formality of the relations between the two negotiating parties. B. the criteria used to select who will participate in a negotiation. C. the perception of an opportunity for negotiation. D. the differences in body language across cultures.
An actor asks an agent to place an order for a couch on the agent's way back to work. This is an instance of ________
A) a dual-purpose mission B) frolic and detour C) coming and going D) self-dealing
What percentage of communication is nonverbal?
a. 25% b. 45% c. 47% d. 93%