The ten standards of auditing, adopted by the PCAOB encompass three broad categories including: general standards, fieldwork standards and reporting standards
a. True
b. False
Indicate whether the statement is true or false
True
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The following information is available from the accounting records of the Bright Company: Beginning balance of fixed assets$100,000 Net sales revenue 360,000 Ending balance of fixed assets 120,000 Net income 36,000 What is the fixed asset turnover ratio?
A. 0.10 times B. 10 times C. 3 times D. 3.27 times
Which of the following should be the first step when preparing a negative announcement?
A. to use appropriate goodwill talk B. to use a buffer that sets up justification for the bad news C. to present the justification material D. to provide solutions to the problems that the news may have created for the reader E. to deliver the bad news positively but clearly
When companies move production outside of the home country it results in:
A) Jobs lost in the home country B) Cheaper labor costs C) Workers being retrained and therefore the unemployment rate does not increase D) A & B only E) B & C only
_____ provide services to their local unions, including legal advice and leadership training, and also provide assistance to locals during collective bargaining
a. Labor guilds b. Union cooperatives c. National unions d. Labor action committees