Control risk refers to the risk that a misstatement could occur in an assertion about a class of transaction, account balance, or disclosure and that could be material, either individually or when aggregated with other misstatements, will not be prevented, or detected and corrected, on a timely basis by the entity's internal control
a. True
b. False
Indicate whether the statement is true or false
True
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MNCs would be wise to apply motivation-hygiene theory on a(n) ________ basis.
A. unconditional and universal B. universal and global C. country-by-country or a regional D. continent-by-continent or a geographical
?With the improvement in the technology and understanding of discounting techniques, both NPV and IRR methods of capital budgeting became more popular because _____.
A. ?these techniques provide correct decisions with respect to payback period minimization B. ?these techniques provide correct decisions with respect to the maximization of the required rate of return C. ?these techniques provide correct decisions with respect to value maximization D. ?these techniques provide correct decisions with respect to the minimization of the number of IRRs for every project E. ?these techniques provide correct decisions with respect to the maximization of the initial capital investment
The different business units of Carlton Motors compete against each other for technology, supplies, equipment, and human talent. As a result, the management and the business units encounter frequent organizational conflicts. These conflicts are most likely to be a result of
A. risky shifts. B. groupthink. C. limited resources. D. social loafing.
_____ should result in improvements in project performance
a. Corrective actions b. Defect repairs c. Preventive actions d. Product acceptance plans