A business that has a 75 percent customer retention rate has an an average customer life of 6 years
Indicate whether the statement is true or false
FALSE
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Which of the following is an attribute of the internal control component—monitoring of controls?
A) Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate. B) Monitoring of controls is the "tone at the top" of the business. C) Monitoring of controls is designed to ensure that the business's goals are achieved. D) Monitoring of controls deals with identification and assessment of business risks.
Which statement is not true about judgmental sampling?
A) It does not allow direct generalizations to a specific population. B) It may be useful if broad population inferences are not required. C) Each population element has a known and equal probability of selection. D) An extension of the technique involves the use of quotas.
The law in the United States has been influenced by English, but not by French or Spanish law
Indicate whether the statement is true or false
A bank's __________ rate is the lowest published rate of interest at which the bank lends to its best and most creditworthy commercial customers
a. lien b. term c. prime d. secured