CPAs in business face threats to independence just as CPAs in public practice. Which of the following threats do not exist for CPAs in business?

A. Adverse interest threat
B. Advocacy threat
C. Self-interest threat
D. Management participation threat


D. Management participation threat

Business

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The actual amount spent in completing the work accomplished within a given time period best defines

A) fixed costs. B) actual costs. C) designated costs. D) earned value costs.

Business

Which of the following accounts is decreased by a debit entry?

A. cash B. prepaid insurance C. accounts payable D. insurance expense

Business

Cross-business strategic fits can be found _________.

A. in unrelated as well as related businesses and in the markets of foreign countries as well as in domestic markets. B. only in businesses whose products/services satisfy the same general types of buyer needs and preferences. C. mainly in either technology-related activities or sales and marketing activities. D. chiefly in the R&D portions of the value chains of unrelated businesses. E. anywhere along the respective value chains of related businesses.

Business

Which of the following is most closely related to the reason a firm might implement MRP?

A. So it can ensure that parts to arrive prior to when they are needed B. To keep process costs between the LCL and the UCL C. So it can order the right parts D. To ensure appropriate quality levels E. So it can order parts sufficient for immediate use

Business